Tds interset

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Accountant

109 Points Joined June 2017

how to do entry in tally for interst on TDS Plz Help

Replies (2)

Guest

if tds paid by bank 55/- out of that 5 rs interet then

tds paid 50/-

interest 5/-

to bank a/c 55/-

Managing Partner at TAXounting

8742 Points Joined November 2013

Agree with samir Ji.

The above entry by Samir Ji is for TDS payment.

In case of TDS refund entry will be

Bank a/c DR 105

To TDS Receivable 100

To Interest on TDS 5

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