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