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How do I handle tax deductions on payments to contractors in Tally?

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"Freelancer 8 years of Experience in Multiple Industries"

1) Expense A/c Dr xxx (Under Indirect Expenses) To Creditor A/c xxx (Under Sundry Creditors) To TDS on contract Payable A/c xxx (Under Duties&Taxes) 2) Creditor A/c Dr xxx (Under Sundry Creditors) To Bank...
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1) Expense A/c Dr xxx (Under Indirect Expenses)
       To Creditor A/c xxx (Under Sundry Creditors)
       To TDS on contract Payable A/c xxx (Under Duties&Taxes)
       
2) Creditor A/c  Dr xxx (Under Sundry Creditors)
     To Bank A/c xxx (Bank Accounts)
       
read less
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Often abbreviated as TALLY, Transactions Allowed in a Linear Line Yard is the most popular accounting software in India. Several organisations have been employing the use of TALLY in their accounting department.
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Is the Tally course useful for MBA in finance students?
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I am 28 years old. I have done MBA & wanted to improve my skills in the fields of finance & accounts from basics within a short span. I also wanted to be master in Tally with GST, Busy, taxation, E-filing of TDS. Kindly suggest me some reputed institutes in Delhi NCR with 100% assured Placements.
Hi Nikhil, You already done MBA, but you did'nt metioned in which subject MBA done. If you done in finance & account, not required to again training. Please you take a Tally training at computer centres...
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