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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/Tax_India/TDS/TDS_Ledger.htm

Creating TDS Ledger

To create a TDS tax ledger

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

  2. Enter the Name.

  3. Select Duties and Taxes as the group name in the Under field.

  4. Select TDS as the Type of Duty/Tax.

  5. Select a Nature of Payment  from the List of Nature of Payments.

  6. Press Enter.

The Ledger Creation screen appears as shown below:

  1. Press Ctrl + A to save the details.

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