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    Tally Prime TDS

    Uploaded by

    Shivam Landge
    Tally Prime tds entrys

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Tally Prime TDS

    Uploaded by

    Shivam Landge
    577 views3 pages
    Tally Prime tds entrys

    Original Title

    tally prime TDS

    Copyright

    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Tally Prime tds entrys

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    577 views3 pages

    Tally Prime TDS

    Uploaded by

    Shivam Landge
    Tally Prime tds entrys

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    ( Tax deducted source )

     Create company = alt + k


    Maintain account – YES
    Use TDS option – YES
    Fill tds details and
    To accept and created successfully

    Ex. Purchased fee for professional services from pankaj industries for 50,000

    Nature of payment expenses section Threshold Rate of tax


    limit
    Fee for professional services Audit fee 194J Rs.30,000 7.5%

    1] TDS nature of payment create


    Name – fee for professional services
    Section – 194J
    Rate of individuals/huf –
    With pan – 7.50%
    Threshold limit – 30,000
    Enter and accept the entry

    2] goto create ledgers for assignments


    Create ledger name – audit fees
    Under – indirect expenses
    Is tds applicable – applicable
    Select nature of paymet
    And accept the ledger

    3] create ledger for (TDS)


    Name – tds on audit fees
    Under – duties and taxes
    Type of duty/tax- tds
    Nature of payment- select
    To accept the ledger

    4] create ledger for party a/c


    Name – pankaj industries
    Under – sundry creaditors
    Is tds deductable – YES
    Deduct type – fill
    Deduct tds in same voucher – YES
    And accept the ledger

    5] goto vouchers for tds entry


    Press F7 journal voucher
    Dr- audit fee amt- 50,000
    Cr- pankaj indusries amt – calculate 46,250
    Then press enter – new ref
    Cr- tds on audit fee
    Amt – 3750 then enter and accept the entry

     Pay amount to pankaj industries


    6] goto vouchers for pay amt
    Press F5 payment vouchers
    Dr- pankaj industries enter and select
    Adjust method – enter
    Cr- cash or bank ledger
    To accept the entry

     Pay amount to gov (TDS)

    7] goto vouchers for pay amt (gov)


    Press F5 payment vouchers
    Dr- tds on audit fee
    Enter and select adjust method
    Enter cr- cash or bank ledger
    To accept the entry

    Complete (TDS) entry

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