taxes

How do I record the TDS paid to the government?

  • Go to Purchases on the left sidebar and select Expenses.
  • Click + New in the top right corner of the page.
  • Select TDS Payable as the Expense Account or select the account in which you want to track the TDS.

Note: If you are using different accounts to track different TDS, then you need to create an expense with multiple line items and associate each TDS with its corresponding account.

  • Enter the Date, Amount, and Paid Through fields, and enter other relevant details.
  • Select Out of Scope as the GST Treatment.
  • Click Save.

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