hi
jaya pandey (accountant) (97 Points)
14 January 2009
hi
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? |
" |
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 14 January 2009
In such a case u will pass a journal entry
Bank A/c Dr. 22425
TDS Receivable A/c Dr. 2575
To Patry Name A/c 25000
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)