How to do Professional Tax deduction entry of any vendor (It is like TDS Deduction)?

How to do Professional Tax deduction entry of any vendor (It is like TDS Deduction)?


Kindly go through the below workaround to meet your requirement as we do not have a direct solution to this in ADDA.

 

Step 1: Pass an entry for Professional Tax in the TDS option itself while creating the Invoice of the vendor from Expense Tracker -->> By Vendors.

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Step 2: Pass a Journal Entry from TDS to Professional Tax from General Ledger -->> Journal Entries.

 

Note: Create a Professional Tax Ledger if not already created under General Ledger -->> Chart of Accounts.