To create a Tax Ledger
Go to Gateway of Tally> Accounts Info.> Ledgers> Create
Enter the Name of the Tax Ledger e.g. TDS – Contractors
Select Duties & Taxes from the List of Groups in the Under field.
In Type of Duty /Tax field select TDS from the Types of Duty/Tax list
In Nature of Payment field, select Payment to Contractors (Advertisement Contractors) from the List of TDS Nature of Payment.
Set Inventory values are affected to No
Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.
Note: Tally.ERP 9 provides you with the flexibility to use a common Duty ledger for different TDS Nature of Payments by selecting the Nature of Payments asAny.