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 ...
To Pass an Entry for TDS remitted, Please follow the below steps: Step 1: Login to ADDA -->>Admin –>> Bank & Cash –>> Taxes. Step 2: Click on TDS. Step 3: Click on the “Enter TDS Remitted” button at down on the screen. Note: A New window will appear ...
Tax Deducted at Source or TDS is a means of collecting income tax in India. The provisions related to TDS are governed by the Income Tax Act of 1961. The law states that any permissible payment shall be paid after deducting prescribed percentage as ...
Though Input GST is a liability, it will not reflect in liability if there is no output GST, the input GST will be treated as expenses and moved to expenses. Note : This is only a suggestion. For Audit related Accounting clarifications, please ...
Please follow the below steps to pass TDS entry where TDS is not deducted while booking the invoice: Step 1: Log in to ADDA -->> Admin -->> Bank & Cash -->> Taxes. Step 2: Select the date Click on TDS -->> Click on Enter TDS Payable -->> Enter the ...
Please follow the process to update service tax remitted to a government in a system. Step 1: Login to ADDA -->> Admin -->> Bank & Cash -->> Taxes -->> Service Tax Step 2: Click "Remit Service Tax to Govt" Step 3: Enter the Service Tax Payable Amount ...
Please follow the below steps to reverse the TDS payable entry: Step 1: Login to ADDA -->> Admin -->> Bank & Cash -->> Taxes Note: TDS Tab is selected by default. Step 2: Select the Date Range to find TDS Transaction. Step 3: Click on "Fetch Report" ...
Step 1: Login to ADDA -->> Admin –>> Bank & Cash->>Taxes->>TDS Step 2: Enter the date -->>Fetch Step 3: Click on ENTER TDS PAYABLE which is available at the bottom of the same page. Step 4: Enter TDS amount -->>Select Vendor Name whom you missed to ...