How do I handle tax deductions on payments to contractors in Tally?

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Akbar Ali

"Freelancer 8 years of Experience in Multiple Industries"

1) Expense A/c Dr xxx (Under Indirect Expenses) To Creditor A/c xxx (Under Sundry Creditors) To TDS on contract Payable A/c xxx (Under Duties&Taxes) 2) Creditor A/c Dr xxx (Under Sundry Creditors) To Bank...
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1) Expense A/c Dr xxx (Under Indirect Expenses) To Creditor A/c xxx (Under Sundry Creditors) To TDS on contract Payable A/c xxx (Under Duties&Taxes) 2) Creditor A/c Dr xxx (Under Sundry Creditors) To Bank A/c xxx (Bank Accounts) read less
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