sivakumar (Asst Manager - F&A) (324 Points)
22 March 2012Hi Professionals,
How find out TDS applicable transaction in Tally. There are more than 1000 entrys are passed per month TDS relevent In my organisation . In the case how can i find out short payment and non deduction of TDS transaction. If any one konowing any shortcut or tricks about it please tell me.I am joining recently this organisation , so i unable to findout quickly.
Alok Siddapur
(Consultant)
(229 Points)
Replied 22 March 2012
Ajay Masaun
(CA )
(133 Points)
Replied 22 March 2012
Gateway of Tally --> Display--> Account Books -->Group Summary-->TDS
Now customised ledgers as per your requirements and convenience.
sivakumar
(Asst Manager - F&A)
(324 Points)
Replied 25 March 2012
Hi Mr. Alok Siddapur,
First i thank to you for reply to me. ( Divide TDS amount from total expenses to check the exact percentage of deduction ) . But the expenses has tds applicable and non applicable also/ How calssiffy it. For ex: The contractor bill has labour charge and material charge. So the tally showing total exp only. ( in my new organisation they are not mention clearly narration in tally)
Alok Siddapur
(Consultant)
(229 Points)
Replied 25 March 2012
If amount billed by the contractor clearly specifies amount charged for labour and amount charged for material charges then TDS should be done only on labour charges. If it does not specify then TDS should be done on the entire amount. You have to look each bill and seperate the material charges in each bill.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
