How to Pass Journal Voucher Entry to Deduct TDS in Tally Prime?
Step: GOT > Voucher > F7
Ø In Journal Voucher screen Pass entry in Dr & Cr mode like,
· Dr – Select Expense Ledger like I select “Rent on Land” – Type 250,000
· Cr – Select Deductee to Payment Expense like, I Select “Mahesh Gupta” –Amount Auto fill
Ø After selection Deductee bill wise details screen appear, in this screen only press enter to go to return Journal voucher screen
· Cr – Select TDS ledger for TDS deduction like, I select “TDS on Rent”. – Amount Auto fill
Ø
Fill all above details like following screenshot:
Ø Press Ctrl+A to save this screen
Ø Practice Exercise for Pass Voucher Entry Deduct TDS from Payment, for You
1. For Professional fees
· Dr – Audit fees – 40000
· Cr – Ritesh Kumar – Amount Auto fill
· Cr – TDS on Professional fees – Amount Auto fill
2. For Horse Race
· Dr – Horse Race Expense – 20000
· Cr – Nitish Pandey – Amount Auto fill
· Cr – TDS on Horse Race – Amount Auto fill
· Process 7: Show TDS Reports
