Payment of TDS to Government Authorities
The TDS that have been deducted on various transactions, needs to be deposited to the government. Payment of TDS will be handled through Payment Journal or General Journal. Provision available to select the TDS Entries which assessee needs to pay to government authorities depends on the basis of filters, for example – TAN, Assesses, Date etc.
Choose the
icon, enter Payment Journal or Bank Payment Voucher, and then choose the related link.Select the relevant TDS payable account number in Account No. field -> Select relevant TAN in T.A.N No. field -> Navigate -> Pay TDS -> then click on TDS, select entries and system will generate TDS payment entry in the journal line.
On posting of the payment journal TDS Entries will be marked as 'Paid'.
GL Entries will be as following:
Particulars Amount TDS Payable Account 10000 Bank Account -10000
See Also
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