Most of the company's Deduct TDS in the same voucher where the due/payment is booked. In Tally.ERP 9 you can configure the party ledger to deduct TDS in the same voucher where the due/payment is booked without asking for confirmation.
To configure party ledger to deduct TDS in same voucher press Alt+A or A: Configure Auto Deduction in same voucher if applicable and press Enter to view Auto Deduction Setup screen
Example: ABC Company follows the procedure of deducting TDS for all parties when the due/payment entry is recorded.
In Auto Deduction Setup screen
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Select ACE Computers and tab down to Set Auto Deduction in same voucher field and set the option to Yes and press enter to view Deduct TDS in Same Voucher If Applicable screen.
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In Deduct TDS in Same Voucher If Applicable screen
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In Nature of Payment field select
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All Items to deduct TDS on all the nature of Payments if applicable
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Any specific Nature of Payment (s) e.g. Payment to Contractors (Advertisement Contractors) to deduct TDS only for the selected nature of payment (s).
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Similarly you can configure all the party ledgers to deduct TDS in the same vouchers if required.
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Press Enter to save Auto Deduction Setup screen.
Note: You can also configure party ledger to deduct TDS in the same voucher if applicable from Gateway of Tally > Accounts Info. > Ledgers > Create/Alter. |
