Monday, April 30, 2012

TDS Entry in Tally


From Gateway  of Tally – Press ‘D’ (Display) – Press ‘U’ (StatUtory Masters)- Press ‘S’ (TDS Nature of Pymts) – Select any of the ‘TDS Nature of Payment’ from the ‘List of TDS Nature of Payment’ (e.g. Commission on Brokerage).
In addition, for each of the deductee type, following details are also preset.
-           Date of Applicability
-          Exemption Limit
-          Rate of Tax

Type of Deductees
The above-mentioned TDS has to be deducted from the deductee.  The various types of deductees are as follows:
1.        Association of Persons
2.       Body of Individuals
3.       Company – Non Resident
4.       Company -  Resident
5.       Co-operative Society
6.       Individual / HUF  -  Non Resident
7.       Individual/  HUF  -  Resident
8.       Local Authority
9.       Partnership Firm
For the deductee type the following details are preset as per Income Tax Laws.
-          Residential Status
-          Deductee Status
-          Periodic details
-          Applicable from
-          Surcharge Exempt Limit
-          Surcharge Percentage
-          Addl Surcharge (Cess) percentage

1 comments:

  1. hello there steven here is the link address ,ring them for advice , tell them gailsy recommened you

    ReplyDelete

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