How to record TDS Deducted by Amazon in Tally?
In the Finance Act 2020, the Government has introduced new rules in Section 194-O which provides a withholding of TDS by e-commerce companies for facilitating sale of goods and services of e-commerce participants through its marketplace. These rules are effective October 1, 2020.
Many sellers like you have came across the query of how to account the same in Tally? Please refer the steps below to learn how to record TDS deducted by Amazon in Tally.
Recording TDS Receivable Entry
Check for the TDS values in the settlement you received as shown in...