Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is TDS..? and Entry for TDS..?

Answer Posted / pushpa

TDS is Tax Deduction of Sources

TDS is one of the mode of collection of Taxes which is applicable as you earn.

TDS Entry in Tally :

1. Expenses A/c Dr
To Party A/c

2. Party A/c Dr
To TDS A/C

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1830


Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1640


Do you know what is double-entry accounting? Explain with an example?

1014


Let me know the liability positions of Partners

2008


Is the shadow balance present in bank account always credited or bank may reverse it as well?

1087


Have you ever made mis reports and what are they?

1043


Explain accounting 101?

1129


Define push down accounting?

1024


were you happy with the grades you achieved at a-level?

1065


What does the financial statement of the company include?

1110


cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me

2262


What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1942


what is your opinion regarding T.V shows on youth

2736


Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

1894


what is addition of Opening Balance and net profit transfered from profit and loss account called

1936