You can record a payment transaction with inclusion of the necessary TDS to be paid to the government.
Scenario 1: On 05-05-2015, ABC Company paid TDS deducted in the month of April 2015 to the government directly.
To record a payment transaction
1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment.
2. Click S: Stat Payment.
3. Select TDS as the Tax Type.
4. Enter the Period From and To dates.
5. Enter the Deducted Till Date.
6. Select the Section from the List of Section.
7. Select the required Nature of Payment.
8. Select the Deductee Status.
9. Select the Residential Status.
10. Select either bank or cash ledger in the Cash/Bank field. The payment voucher will be automatically filled with the relevant values.
The Statutory Payment Details screen appears as shown below:
11. Press Enter.
12. Enter the Bank Allocation details as required.
13. Enter Narration, if required.
The Payment invoice appears as shown below:
14. Press Ctrl + A to save the invoice.
Scenario 2: On 05-05-2015, XYZ Company paid the TDS deducted to the government on behalf of ABC Company.
1. Go to Gateway of Tally > Accounting Voucher > F7: Journal.
2. Click F2: Date to change the date to 05-05-2015.
3. Debit TDS tax ledger.
4. Credit XYZ Company.
The Journal invoice appears as shown below:
5. Press Ctrl+A to save.
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