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TUTORIAL - PAYMENT VOUCHER FOR TDS IN TALLY

Transactions
1) 01.05.2013: XYZ Company received a bill from M/s.Indian Shipping services pvt ltd., for 100,000 towards C&F Charges.
2) 02.05.2013: XYZ Company received a bill from M/s.B.M.Shipping Services LTd., for Rs.80,000 towards C&F Charges.
3) 03.05.2013: XYZ Company received a bill from Mr.A.Kumar for Rs.60,000 towards sales commission charges.
4) 06.05.2013: XYZ Company received a bill from M/s.P.V.Rao & Co. Ltd., for Rs.89,000 towards Consultant Charges.
5) 06.05.2013: XYZ Company received a bill from M/s.Reliance Financial services Ltd., for Rs.96,000 towards interest charges.
6) 08.05.2013: XYZ Company received a bill from M/s.Kanna Financial services pvt ltd., for Rs.38,000 towards Interest charges.
7) 09.05.2013: XYZ Company received a bill from M/s.Rock Financial services pvt ltd., for Rs.45,000 towards Interest charges.
8) 10.05.2013: XYZ Company received a bill from Mr.K.Sundar for Rs.99,000 towards commission charges.
9) 11.05.2013: XYZ Company received a bill from M/s.C.P.chartered services pvt ltd.,for Rs.52,000 towards Consultant charges.

For the above transactions, XYZ Company paid TDS. (All the Tax deducted during  a month is to be paid to the credit of Government on or before 7th of the next month.)  XYZ Company make payments as following.

Payment No: 1
03.06.2013: XYZ Company paid TDS (under section 194C) of Rs.3,600/- through ICICI Bank (Cheque,  No: 123456) for the month of May 2013.

Payment No: 2
03.06.2013: XYZ Company paid TDS (under section 194A) of Rs.17,900/- through ICICI Bank (cheque,  No: 223456) for the month of May 2013.

Payment No: 3
03.06.2013: XYZ Company paid TDS (under section 194H) of Rs.15,900/- through ICICI Bank (cheque,  No: 323456) for the month of May 2013.

Payment No: 4
03.06.2013: XYZ Company paid TDS (under section 194J) of Rs.14,100/- through ICICI Bank (cheque,  No: 423456) for the month of May 2013.

Note: You Must use Tally new version to enable Quick setup option. (Otherwise upgrade your Tally version)

PAYMENT VOUCHER NO: 1

Gateway of Tally > Accounting Vouchers > F5: Payment
> Press F2 to change the date.(Enter 03.06.2013)



> Click on F12: Configure button from the Buttom of Right side panel



> In the Payment Configuration screen  Use Single Entry mode for Pymt/Rcpt/Contra option is set to Yes,
> Press Ctrl+A 

> Click on S:Stat Payment button from the Right side panel

> Now Tally displays Statutory Payment screen. Select Types of Duty/Tax as "TDS"


> Auto Fill Statutory Payment: Set this option to YES to auto calculate and fill the duty payable to the Government. Set this option to NO, if the user wants to manually select the duty ledger and duty bills.


Deducted Till Date: In this field user may enter, till date of the period for which the TDS values should be computed and auto-filled. Enter 31.05.2013.

> Section:  Select Section 194C Contractors & Sub-Contractors from the list of section.  
As per the Act, separate TDS challans to be submitted for the payment of tax under each section. In this field, Tally.ERP 9 displays all the Sections under which, Tax deducted is pending for payment.



> Nature of Payments: Based on the section selected in the Section field, Tally.ERP 9 displays the section related nature of payments under which, Tax deducted is pending for payment.Select Payment to Sub-Contractors. 

> Select Deductee Status  as Company.


Select ICICI Bank from the List of Ledger Accounts.

> Enter
> The Bank Name through which the payment is made and TDS payable amount (with the respective bill details) will be auto-filled.

> From Date & To date: In this field enter the From date & To date of the period for which the tax is paid. Specify the appropriate Quarter period.(In this Tutorial all Transactions are relating to 1st Quarter of FY 2013-14, So Enter From date as 1st Quarter starting dt: 01.04.2013 & To date as 1st Quarter ending date 30.06.2013)
> fill the other details, like chque no, dt, account no. etc.,
Note:  If the TDS payment challan details are not available at the time of recording the TDS payment entry, such details can be either by reconciling the TDS ledger or by altering the payment voucher.
 
> Enter
> Write Narration, then press Ctrl+A.

In the Same way enter remaining payment vouchers.(Just change  Section,Nature of Payments,  Deductee Status, Chque No Etc.,)     

PAYMENT VOUCHER NO: 2



PAYMENT VOUCHER NO: 3

PAYMENT VOUCHER NO: 4
G.S.VASU

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