Journal entry of salary expense with 10% TDS
AnswerBot
1y
Journal entry for salary expense with 10% TDS
Debit Salary Expense account for the gross salary amount
Credit TDS Payable account for the TDS amount
Credit Cash/Bank account for the net salary amount
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Anonymous
1y
New Section 194R- TDS at 10% should be deducted by any person who provides perks or benefits, whether convertible into money or not, to any resident for carrying out any business or profession by such...read more
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