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How to make entries for TDS in Tally 9


How can we do TDS, Service Tax, Payroll entries in Tally 9

What is the new shortcut key of Tally 9

Is it tru that customer support for Tally 7.2 has been withdrawan by Tally Software


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(Guest)

Originally posted by :Rajesh
" How can we do TDS, Service Tax, Payroll entries in Tally 9
What is the new shortcut key of Tally 9
Is it tru that customer support for Tally 7.2 has been withdrawan by Tally Software
"


 

 
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Assistant Manager-Finance

Sir,  reg. TDS

If you have minimum transaction please follow the procedure.

1. Tally 9 Gateway Press F11 and go to Statuary & Taxation and Set Enable TDS as YES. then Ctrl. A

2. Then create a Ledger for eg. in the name of TDS- contract under the group Duties & Taxes ( Under C. liabilities).

a. Type of Duty or  Tax select as TDS

c.Ignore TDS Exemption limit- YES/ No.  Then CTRL.A.

3. a. Then create another ledger eg. XYZ. company under the group of S.Creditors (job work).

b. Maintain Bill by Bill- YES.

c. Is TDS Applicable- YES. enter TDS details like Deductee type- whether Individual or Company. Then fill the required items.

4. Then create another ledger eg. Labour charges or Purchase others under the Group of Purchase A/c. 

5.Enter the transaction in Purchase Voucher or Journal voucher.

a. Labour Charges A/c. Dr. Rs.10000

   To XYZ co. A/c. Cr.                        Rs. 10000

b. In Gate of Tally goto Vocher entry then PRESS F7 for journal. Then Press    Alt-S  for TDS Deduction Journal.

c. XYZ. company A/c. Dr.Rs. 226 ( Tally will select only one transaction TDS amount automatically)

         To. TDS Contract A/c. Cr. Rs. 226.   (Save It)

Like the above you have to enter every transaction.

6. Then Payment entry

TDS contract A/c Dr. Rs.226

    To. Bank A/c. Rs. 226.

OTHERWISE                                                                                                                     in Gateway F11 set TDS as No and in XYZ co. TDS applicable- NO.

you enter every transaction in Purchase a/c in Voucher mode not Invoice mode.

Like XYZ company A/c    Cr.  Rs.9774                                                              (Manualy calculate Rs. 10000 x    2.266% =226 ,  then  deduct it from Rs.10000)

Labour charges A/c. Dr. Rs. 10000

TDS contract A/c Cr. Rs. 226.

Month end Goto the ledger TDS contract -- Alt F8--- all items automatic column---- Export it in Excel format. By this you can found the Total amount of TDS to be paid.

Now you can make TDS payment

TDS contract a/c. Dr.Rs. 226

To Bank A/c. Cr. Rs. 226.

Note: This is my experience, so please consult with the experts.

thanx.


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(Guest)

how to create 31 closing

 
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(Guest)

Originally posted by :L KANAGARAJ
" Sir,  reg. TDS
If you have minimum transaction please follow the procedure.
1. Tally 9 Gateway Press F11 and go to Statuary & Taxation and Set Enable TDS as YES. then Ctrl. A
2. Then create a Ledger for eg. in the name of TDS- contract under the group Duties & Taxes ( Under C. liabilities).
a. Type of Duty or  Tax select as TDS
 b. Nature of Payment- as Payment to Contractors (Otherthan Advt. Contractor)
c.Ignore TDS Exemption limit- YES/ No.  Then CTRL.A.
3. a. Then create another ledger eg. XYZ. company under the group of S.Creditors (job work).
b. Maintain Bill by Bill- YES.
c. Is TDS Applicable- YES. enter TDS details like Deductee type- whether Individual or Company. Then fill the required items.
4. Then create another ledger eg. Labour charges or Purchase others under the Group of Purchase A/c. 
5.Enter the transaction in Purchase Voucher or Journal voucher.
a. Labour Charges A/c. Dr. Rs.10000
   To XYZ co. A/c. Cr.                        Rs. 10000
b. In Gate of Tally goto Vocher entry then PRESS F7 for journal. Then Press    Alt-S  for TDS Deduction Journal.
c. XYZ. company A/c. Dr.Rs. 226 ( Tally will select only one transaction TDS amount automatically)
         To. TDS Contract A/c. Cr. Rs. 226.   (Save It)
Like the above you have to enter every transaction.
6. Then Payment entry
TDS contract A/c Dr. Rs.226
    To. Bank A/c. Rs. 226.
OTHERWISE                                                                                                                     in Gateway F11 set TDS as No and in XYZ co. TDS applicable- NO.
you enter every transaction in Purchase a/c in Voucher mode not Invoice mode.
Like XYZ company A/c    Cr.  Rs.9774                                                              (Manualy calculate Rs. 10000 x    2.266% =226 ,  then  deduct it from Rs.10000)
Labour charges A/c. Dr. Rs. 10000
TDS contract A/c Cr. Rs. 226.
Month end Goto the ledger TDS contract -- Alt F8--- all items automatic column---- Export it in Excel format. By this you can found the Total amount of TDS to be paid.
Now you can make TDS payment
TDS contract a/c. Dr.Rs. 226
To Bank A/c. Cr. Rs. 226.
Note: This is my experience, so please consult with the experts.
thanx.
"

 
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(Guest)

Originally posted by :Guest
"


Originally posted by :Rajesh


"
How can we do TDS, Service Tax, Payroll entries in Tally 9
What is the new shortcut key of Tally 9
Is it tru that customer support for Tally 7.2 has been withdrawan by Tally Software
"




 
"


 

 
Reply   
 
(Guest)

Originally posted by :Rajesh
" How can we do TDS, Service Tax, Payroll entries in Tally 9
What is the new shortcut key of Tally 9
Is it tru that customer support for Tally 7.2 has been withdrawan by Tally Software
"

 
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pls. send me how to creat the ledger for tds deduction and entres in tally 9

 

 

 

 
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(Guest)

i want to special information about tds service tax etc.

 

 
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(Guest)

Originally posted by :Guest
"


Originally posted by :Rajesh


"
How can we do TDS, Service Tax, Payroll entries in Tally 9
What is the new shortcut key of Tally 9
Is it tru that customer support for Tally 7.2 has been withdrawan by Tally Software
"




 
"

 
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