TDS entries using Tally.ERP 9

TDS 8884 views 5 replies

Dear All,

Is it possible to pass TDS entries using Tally.ERP 9 and also to generate Quarterly Returns like Form 26Q, Form 27Q ?

subramanya

Replies (5)

ya u can use tally ERP 9 for tds requirements..

first of all u have to pass jounal entry and booked expenditure Eg. rent on building Dr. and ABC Cr

while creating the ledger of party (deductee) Is TDS applicable - fill 'Yes' and fill the PAN no the party otherwise it will deduct TDS by 20% rate.

secondly pass payment entry :

ABC Dr.

To TDS on Rent  ( this amount will come automatically)

To Bank

For Reports: Go to Display - Statutory Reports - TDS Reports - Computation OR Return and can get 26Q , 27Q , 27EQ

Thanks Mr.Vipin,

Please let me know whether Tally is approved as e-TDS software provider from NSDL...?

TDS Entry in Tally

Ex; Rent paid to Abc o.

1st entry is journal

Rent paid A/C      Dr

  To Abc co.

  To Tds A/C

2nd rent Payable entry

Abc Co.   Dr

 To Bank A/c

 

 

 

 

Bank A/c     Dr

 To A

in which head tds a/c will open....is it in current liabilities?

then how we show it ...can i have some example with amount..?

thanks MR vipin


CCI Pro

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