How to Create TDS Ledger in Tally Prime?
Step: GOT > Create > Ledger
Ø In ledger screen fill all details for TDS ledger like,
· Name – Type name of TDS type like, I type “TDS on Rent”
· Under – Select “Duties & Taxes”
· Type of duty/tax – Select “TDS”
· Nature of Payment – Select Nature of Payment for that TDS ledger like, I select “ Rent for land and building/Furniture & fixture”.
Ø
Fill all above details like following screenshot:
Ø Press Ctrl+A to save this screen
Ø Practice Exercise for Create TDS Ledger, for You
Name
Under
Type of duty/tax
Nature of Payment
TDS on Professional
fees
Duties & Taxes
TDS
Professional fees
TDS on Horse Race
Duties & Taxes
TDS
Winning from Horse
race
· Process 6: Pass Voucher Entry to Deduct TDS from Payment
