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https://help.tallysolutions.com/docs/te9rel51/Tax_India/TDS/Configurations_in_Masters.htm

Other Configurations in Masters

You can enable advance configurations for TDS in party masters. This will allow you to configure surcharge exemption limits, and income exemption limits. You can also set a zero or lower rate of TDS for party masters.

In this topic

Ignore Surcharge exemption limit

Ignore income tax exemption limit

Set zero/lower rate for TDS

Ignoring Surcharge Exemption Limit

To ignore surcharge exemption limit

  1. Click F12: Configure in the Ledger Creation screen.

  2. Enable the option Allow advanced entries in TDS masters.

  3. Press Ctrl + A to save the details. A new option Use Advanced TDS Entries will be available.

  4. Enable the option Use Advanced TDS Entries.

  5. Enable the option Ignore Surcharge Exemption Limit.

  6. Press Ctrl + A to save the details.

  7. Press Ctrl + A to save the party master.

Ignoring Income Tax Exemption Limit

To ignore income tax exemption limit

  1. Click F12: Configure in the Ledger Creation screen.

  2. Enable the option Allow advanced entries in TDS masters.

  3. Press Ctrl + A to save the details. A new option Use Advanced TDS Entries will be available.

  4. Enable the option Use Advanced TDS Entries.

  5. Select Applicable in the Set/Alter Ignore Income Tax Exemption Limit.

  6. Select the required TDS nature of goods from the List of TDS Nature of Pymts.

  7. Select End of List to exit the screen.

  8. Press Ctrl + A to save the details.

  9. Press Ctrl + A to save the party master.

Set Zero/Lower Rate for TDS

To set zero or lower rate for TDS

  1. Click F12: Configure in the Ledger Creation screen.

  2. Enable the option Allow advanced entries in TDS masters.

  3. Press Ctrl + A to save the details. A new option Use Advanced TDS Entries will be available.

  4. Enable the option Use Advanced TDS Entries.

  5. Select Applicable in the Set/Alter Zero/Lower Collection.

  6. Select the required TDS nature of payment from the List of TDS Nature of Pymts.

  7. Select the Section Number.

  8. Enter the Certificate No./ Date.

  9. Enter the Applicable From date.

  10. Enter the Applicable To date.

  11. Enter the rate of TDS in the TDS field.

  12. Repeat steps 6 to 10 for the required TCS nature of goods.

  13. Select End of List to exit the screen.

  14. Press Ctrl + A to save the details.

  15. Press Ctrl + A to save the party master.

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