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tds

jaya pandey (accountant) (97 Points)

14 January 2009

I need some help in setting up ledgers and posting vouchers to account for payments that I have received from companies where TDS was deducted by them. For example I bill a company for Rs. 25000 on 1-12-08, they pay me Rs. 22,425 after deducting 10.3% tax what ledgers should I set-up for the tax dedcuted and how do I account in the vouchers?

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jaya pandey (accountant) (97 Points)
Replied 14 January 2009

Originally posted by :jaya
"	hi I need some help in setting up ledgers and posting vouchers to account for payments that I have received from companies where TDS was deducted by them. For example I bill a company for Rs. 25000 on 1-12-08, they pay me Rs. 22,425 after deducting 10.3% tax what ledgers should I set-up for the tax dedcuted and how do I account in the vouchers?	"