How to Create Collectee Ledger in Tally Prime?
Step: GOT > Create > Ledger
Ø In ledger screen fill all details for Collectee ledger like,
· Name – Type name of Collectee like, I type “Anish Gupta”
· Under – Select “Sundry Debtor”
· Maintain Balance bill by bill – Set to ‘Yes’
· Is TCS Applicable – Set to “Yes”
· Buyer/Lessee type – Select your Collectee type from list like, I select “Individual/HUF- Resident”.
· PAN/IT No – Type PAN Number of to Collectee for TCS Collection according to define
rate. Like I type “ASDFG3456K”
Ø
Fill all above details like following screenshot:
Ø Press Ctrl+A to save this screen
Ø Practice Exercise for Create Deductee Ledger, for You
Name
Under
Maintain Balance bill by bill
Is TCS
Collectee
Buyer/Lessee type
PAN/IT No
Manish
Kumar
Sundry
Debtor
Yes
Yes
Body of
Individual
LKJHP4567L
Rajneesh
Pandey
Sundry
Debtor
Yes
Yes
Association of
Person
GHJKC8765K
· Process 5: Create TCS Ledger to Collect TCS
