The application migrates all the TDS nature of payments which were used in your previous version of Tally.ERP 9. Those Nature of Payments which were never used will not be migrated by default.
Note: 1. When the Nature of Payment was selected as Any in the expense or duty ledger, and specified when recording the transaction directly in the previous version, then that TDS Nature of Payment have to be created manually.
2. On migration, for all the parties the option Deduct TDS in same vouchers will be set to Yes. In case if the user doesn’t want to deduct TDS in the same voucher for a specific party, user can configure the party ledger.
The TDS Natures of Payments which have not been migrated, will have to be created.
To create TDS Nature of Payment
Go to Gateway of Tally > Accounts Info. > Statutory Info. > TDS Nature of Pymts > Create
Enter the Name.
Enter the Section number.
Enter the Payment Code.
Enter the Rate of TDS.
Enter the Threshold/exemption limit.
Note: You can press Ctrl+C to use the helper and select the nature of payment and auto fill the section number and payment code.
All other tax configurations made in the expense ledgers, party ledgers, and duty ledgers will be retained.
Hence, you can get started with recording transactions.
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