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Tds & Vat Entry in tally

This query is : Resolved 

25 April 2009
we have received Dyeing Bill
Dyeing bill inclues vat
Pls help me how i can use both option (tds & Vat)in tally journal voucher option

25 April 2009 Expenses Account Dr (Amount of Expense)
VAT A/c Dr (Amount of Vat Input)
To TDS Payable (TDS amount)
To Party Account (Balance Amount)

Both the VAT Account and TDS payable account should be opened under the head 'Duties and Taxes'. In that way, you can pass the journal entry in tally.

28 April 2009 thank for reply,





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