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Create Nature of Goods (TCS)

You can define the TCS nature of goods your business deals.

1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > TCS Nature of Goods > Create .

2. Press Ctrl+C to view the list of Nature of Goods .

3. Select the required Nature of Goods . The Section and Payment code are displayed automatically.

4. Enter the Rate of TCS for With PAN and Without PAN . The same appears in Rate for other deductee types .

5. Enter the Threshold/exemption limit as applicable .

6. Press Enter to save the details.