Creating Fixed Asset Ledger (TDS)

A Fixed Asset ledger is used for recording fixed assets and capital goods.

To create a fixed asset ledger

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

2. Enter the Name .

3. Select Fixed Assets as the group name in the Under field.

4. Set Inventory values are affected to No .

5. Set Is TDS Deductible to Yes .

6. Set Treat as TDS Expenses to Yes .

7. Select the required Nature of Payment .

8. Enter the Mailing Details and Tax Registration Details , as required.

The Ledger Creation screen appears as shown below:

9. Press Ctrl + A to save the details.