Tally.ERP 9 you can record TDS transactions through Journal Voucher or Purchase
/Item Invoice Mode)
Note: Recording TDS transactions
in Purchase Voucher in Voucher Mode is not supported.
Example: On 10-4-2009, ABC Company received bill
from Mark IT
solutions for Rs. 1,50,000 towards the Advertisement services provided.
the required ledger masters are created before recording the transaction
Case 1: Record the transaction in Journal Voucher
In Debit field select the expense ledger - Advertisement Expenses and mention the transaction amount of Rs. 1,50,000 in Amount - field.
In Credit field select the party ledger - Mark IT Solutions and enter the TDS Details as shown
Note: In this transaction we are deducting TDS in the same voucher.
3. In the Bill-wise
Details screen provide the bill
details as shown
4. In Credit field select the TDS ledger - TDS Contractors to account the TDS deducted.
The completed Journal Voucher is displayed as shown
Case 2: Record the transaction in Purchase Voucher
In Party A/c
select the party ledger - Mark It
Under Particulars select the expenses ledger - Advertisement Expenses and specify the expense amount - Rs. 1,50,000 in Amount filed
Under Particulars select TDS ledger- TDS- Contractors and enter TDS Details as
Note: TDS amount will be displayed
with negative sign
In the Bill-wise
enter the details as shown
completed Purchase Voucher is displayed as shown