Creating a TDS Expense Ledger

To Create a TDS Expense Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

• Enter the Name of the expense ledger e.g. Advertisement Expenses.

• In Under field select the group Indirect Expenses from the List of Groups.

• Set Inventory values are affected to No.

• Set Is TDS Applicable to Yes.

• In Default Nature of Payment field select Payment to Contractors (Advertisement Contractors) from the List of TDS Nature of Pymt.

Note: All the Payments/Expenses subject to TDS have to be associated with relevant predefined TDS Nature of Payments.

Note: The Option Any can be selected from the List of TDS Nature of Payment, where the user doesn’t want to define the TDS Nature of payment during Ledger creation. This allows the user to use an Expense Ledger (as a common ledger) to account multiple TDS Nature of Payments.

• Press Enter to accept and save.

Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.