Question

While creating TDS ledger, Type of Duty / Tax should be​

Answer 1

Tax ledgers should be created when creating TDS ledgers.

Detailed answer

Tax ledgers are to be created which has to be created under duties and taxes which usually contain all the accounts and statements.

• This has all the Gst's and liabilities and other taxes which are created during a trade.
• Tds is known as tax deducted at source.
• The deducted amount will be shown on the ledgers and should be clearly stated.