TDS and Parties in a Journal

A journal line on Sundry Debtors or Sundry Creditors needs the customer or supplier, so the entry shows in their statement. TDS you cut in a journal (partners' interest or remuneration) needs the person it was cut from, so it reaches the TDS register and Form 140.

1. Open Accounting → Day Book → New Journal.
2. On a Sundry Debtors or Sundry Creditors line, pick the customer or supplier in the Party column.
3. Crediting TDS Payable? Open "TDS Cut in This Entry" and add one row per person: who, section, amount paid and TDS (add a partner's PAN once).
4. The rows must add up to the TDS Payable credit. Then deposit it from TDS & TCS → challans.

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More Help

• GST Returns (GSTR-1, 3B, 2B)
• Match Purchases with GSTR-2B
• Deduct and Deposit TDS
• When a Bill Asks You to Check the GST

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