Dear all,
Please tell me under which head TDS ledger of TDS deducted by the Sundry debtor on the services offered by our company should be placed. For. E. G We have raised a bill of
Rs. 1,06,800/- (Bill amount)
+ 13,200/- (Service tax)
Rs. 1,20,000 (inclusive of service tax )
Now, Party paid us Rs. 109320/- after deducting 10 % TDS on professional charges. Now Rs. 10,680/- need to be put in TDS on professional services rendered Ledger. So, please tell me under which head should create a ledger of TDS on professional service whether under duties and taxes or --------