on 05-14-2016 8:21 AM
Business Requirement:
user want to pay only one entry TDS liability through cash please suggest.
it is good accounting practice.
Hi Debasish,
Without vendor, you cannot book TDS liability. At what basis/which category you deduct TDS?
Regards,
Mukthar
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Hi Debasish,
In that case either you can pass entry by FB01 by bank/cash a/c dr & TDS payable a/c Cr or you can pass below entry by FB01.
Vendor A/c Cr 100000 (100000 @1%) with w.h.tax code
Vendor A/c Dr 99000 without w.h.tax code
Bank/Cash A/c Dr 1000
When we simulate the system will show below entry:
Vendor A/c Cr 99000
Vendor A/c Dr 99000
Bank/Cash A/c Dr 1000
TDS Payable A/c Cr 1000
Regards,
Mukthar
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