Late fees TDS Interest
This query is : Resolved
21 February 2020
Dear Expert,
How can we pass Late interset tds journal entry
How can we pass Late interset tds journal entry
21 February 2020
Interest on TDS a/c Dr.
To Bank a/c
To Bank a/c
05 May 2020
Yes...Interest on TDS needs to be debited as it is an expenses for the business organisation and Cash/Bank needs to be credited.
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