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Record TDS on Advance Payments in TallyPrime

You can record TDS on advance payments made directly to a party or through a third party.

Record TDS on Advance Payment

You can deduct TDS while making an advance payment directly to the party.

In the Payment voucher:

1. In the Account field, select the bank ledger.
2. Under Particulars, select the party ledger and enter the advance amount.
3. Select the TDS ledger.
   The TDS amount appears automatically.
4. Enter the required Bank Allocation Details.
   
5. Press Ctrl+A to save the voucher.

Record TDS on Third-Party Advance Payments

You can deduct TDS when an advance payment is made to a third party on behalf of the party.

In the Journal voucher:

1. Debit the party ledger and enter the advance amount.
2. Credit the third-party ledger and enter the advance amount.
3. Select the TDS tax ledger.
   The TDS amount appears automatically.
4. Enter the required TDS Details.
   
5. Press Ctrl+A to save the voucher.

Record TDS on Advance Payments u/S 194Q

For advance payments to suppliers covered under Section 194Q, refer to Record TDS on Purchase of Goods under Section 194Q.