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Budgetary Changes 2016-17
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https://help.tallysolutions.com/docs/te9rel53/Tax_India/TCS/TCS_Budget_2016_17.htm

Budgetary Changes 2016-17

As per Union Budget of financial year 2016-17, the following nature of goods are introduced:

      Sale of Motor Vehicle: Attracts 1% TCS if the value exceeds the threshold limit of Rs. 10,00,000.

      Sale in Cash of Any Goods (Other Than Bullion/Jewellery): Attracts 1% TCS if the value exceeds the threshold limit of Rs. 2,00,000.

      Providing of Any Services (Other Than Ch-XVII-B): Attracts 1% TCS if the value exceeds the threshold limit of Rs. 2,00,000.  

To create the nature of goods

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 Sale of Motor Vehicle.

4.     Enter the Rate.

5.     Enter the Threshold/exemption limit as 10,00,000. The TCS Nature of Goods screen appears as shown below:

6.     Press Enter to accept.

Similarly, create the nature of goods for Sale in Cash of Any Goods (Other Than Bullion/Jewellery) and Providing of Any Services (Other Than Ch-XVII-B) as shown below: