When we paid tds on rent how will journal entry will come and how to enter in tally software?

Answer Posted / ravi

while booking a bill in journal in tally -f7
in journal - party a/c dr 5000
to tds 5000
(being bill booked)

in journal deduction entry - alt+s is the short cut key-f7
party 510.10
to tds 510.10

payment entry after deducting tds -f5
party a/c dr 4490
to bank 4490

deducted tds payment made to the dept -f5
tds a/c dr 510.10
to bank 510.10

Is This Answer Correct ?    7 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Under what type of account do the unearned revenues fall?

620


why only 6 months interest is charged on drawings

1731


Unrealised profit will be debited to ?

1466


bank releted question interviw plz tel me

2034


what is cost center & cost categories in tally

1869






I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

1609


WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?

5051


My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

1460


what is an ideal organisation

1752


Tell me in accounting, how do you define premises?

723


What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

2941


What do you know about this position?

656


What is the journal entry of building rent and TDs payment?

1115


What is dd and a in oil and gas accounting?

674


how to geting finished goods cost with included it's all BOM and all production order cost in sap?

1450