How can i record TDS while recording an advance payment?
say, we are making an payment to vendor as advance and the payment needs to deduct TDSbut while recording it we are not able to record the tax figure.
Example:
Advance payment to vendor Rs.10000(including TDS @10%)
entry for the same is :
Vendor A/c Dr. Rs. 10000
TDS A/c Cr. Rs. 1000
Bank A/c Cr. Rs. 9000
But in zoho payment I am not able to record the TDS.
is there any other method i can use to record this TDS??