WHT Code - Posting Indicators
Recently i faced one requirement, for Section 195. My Client is asking that my WHT liability will be generated through one line items and offsetting account will be the expense account to which i am charging my expense. So he wants this scenario.
I have incurred Actual Expense of Rs. 1000. My tax rate is 10%. So my tax liability would be of Rs. 10. He wants entry like this:
Expense A/c Dr. 1020
To vendor A/c 1000
To TDS payable A/c 20
TDS liability will be charged to particular expense. How can i map this scenario?
Thanks & regards,