Cash journal

[Former Member]

Hi experts,

Can we post the tax transaction in cash journal For ex ...............

TDS

SERVICE TAX

Reply at earliest.

Regards

Pramod

[Former Member · Accepted solution]

Dear ,

TDS is possible to post in Cash journal.

Regards

radha

[former_member182098]

Hello,

Cash journals are being used for paying small and petty payments. Every country is having their own rules for maximum amount to be paid in Cash.

Whereas TDS and Service for a month would be deposited within number of days of that country's legal regulations always exceeds the maximum amount fixed by their laws. You will never make the payment TDS and Service Tax in Cash. Always you use bank transfers, checks etc.

There I do not recomend TDS and Services through Cash Payment.

Regards,

Ravi

[Former Member]

Dear Ravi,

if i am paying the cash amount to vendor which is applicable to TDS. how can u do the transaction in Cash journal. this ? is not only Payment. please gide me how to do the transaction in FBCJ

Regards

radha

[Former Member]

Hello,

It is possible to post such entries but we have to use entries as JV using cash journal.

Regards

Ravi