Hi Team, I am working in a software company. For example, we have ABC Customer (Debtor) and XYZ Consultant (Creditor). We have raised a sales invoice to ABC for Rs. 300,000, and we will be paying XYZ Rs. 300,000. The issue is that our customer (ABC) transferred Rs. 270,000 through the bank to our creditor (XYZ) on our behalf after a 10% TDS deduction.
My Doubts Are:
1. Is this a correct transaction?
2. How can I enter this in Tally.ERP.9?
3. The TDS amount of 10% is Rs. 30,000. How do I pay this to the bank and generate Form 16A for filing?
4. Our creditor (XYZ) is requesting a TDS certificate of Rs. 30,000.
Please provide a detailed reply as soon as possible. I am waiting.
My Doubts Are:
1. Is this a correct transaction?
2. How can I enter this in Tally.ERP.9?
3. The TDS amount of 10% is Rs. 30,000. How do I pay this to the bank and generate Form 16A for filing?
4. Our creditor (XYZ) is requesting a TDS certificate of Rs. 30,000.
Please provide a detailed reply as soon as possible. I am waiting.