Booking TDS Expense for Lower/No Deduction party

Anand Mon, 11/01/2021 - 16:40

Go to Gateway of Tally > Accounting Vouchers > Select F7: Journal

The Accounting Voucher Creation screen for Journal is displayed.

  1. Debit a party ledger who is applicable for Lower/No deduction.

  2. The Bill-wise Details sub screen appears as shown below:

 

  1. Select the Type of Ref as NewRef, Enter the Name, Enter the Due dates if any. On selecting the TDS Ledger from the list,the values of Is Lower/No Deduction, Section Number and the TDS Lower Rate percent values is picked up from the ledger master and gets filled in automatically.

  2. The Amount is automatically picked up by the system. Accept the Bill-wise Details sub form.

  3. Accept the screen to save the Journal voucher.