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TDS liability paid through

former_member319737
Participant
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Business Requirement:

user want to pay only one entry TDS liability through cash please suggest.

it is good accounting practice.

Accepted Solutions (0)

Answers (1)

Answers (1)

former_member198650
Active Contributor
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Hi Debasish,

Without vendor, you cannot book TDS liability. At what basis/which category you deduct TDS?

Regards,

Mukthar

former_member319737
Participant
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Thanks for response

yes it is very true that without vendor we can't deduct TDS liability. but we have to paid it through bank but user want to pay it in cash.

former_member198650
Active Contributor
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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

former_member319737
Participant
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Thanks for your recommendations Mukhtar Sir

but in our cash G/L checked with "post automatically only", we can't post through FB01 or

F0-02.Please suggest.

former_member198650
Active Contributor
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Remove the check box and do posting.

former_member319737
Participant
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1. so we have to remove the check box & go for posting then again check this box?

2. is it a right way to do this or is there a risk of of system inconsistency?

former_member198650
Active Contributor
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1. Yes

2. It is not right way. But how do you post cash transactions?