If vendor is deducting TDS amt while paying, how to pass
entry inbooks. Will it be TDS recoverable/TDS payable a/c.
kindly clarify
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Answer Posted / sandeep
Boss,
to be frank, the question itself is wrong, TDS will be made by the receiver of the service, vendor is a provider of service. A customer can do that then the entry will be,
Bank A/c Dr/....
TDS Payable Dr..
To customer A/c.
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