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TallyPrime 5.0 automates TDS calculation under Section 194Q, ensuring compliance with Finance Bill 2021. Easily calculate TDS on transactions, manage threshold limit and exemptions, and file returns seamlessly.
https://help.tallysolutions.com/docs/te9rel53/Creating_Masters/Accounts_Info/Create_Ledger_with_Advanced_Usage.htm

Creating Ledgers with Advanced Entries

Your F11: Features and F12: Configure settings for a company defines the ledger creation.

To create a ledger in the advanced mode

  1. Enable the following features in F1:Account under F11:Features:

  2. Allow multi-currency

  3. Maintain bill-wise details

  4. Maintain cost centres

  5. Activate interest calculation

  1. Enable F12: Configure option Allow advanced entries in masters in the Ledger Configuration screen.

All options relevant to the features enabled will be available in the master creation/ alteration screens as shown below:

Note: The field Description will appear in the Ledger Creation screen only if the option Add description for ledger accounts is enabled in the Ledger Configuration screen.