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Creating Party Ledger (TCS)

You can create a ledger for your customers under sundry debtors and also set their TCS details.

To create a party ledger (Buyer)

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

2.    Enter the Name.

3.    Select Sundry Debtor as the group name in the Under field.

4.    Enable the option Maintain bill-by-bill, if required.

5.    Enable the option Is TCS Applicable.

6.    Select a Collectee Type in the Buyer/Lessee field.

7.    Enter the Name of the service provider under Mailing Details.

8.    Enter the Address.

9.    Select the Country from the List of Countries.

10.  Select the State from the List of States.

11.  Enter the PIN Code.

12.  Enable Provide Bank Details, if required.

13.  Enter the PAN under Tax Information.

14.  Enable the option Provide PAN Details to enter PAN details of the party.

The Ledger Creation screen appears as shown below:

15.  Press Ctrl + A to save the details.

For more configurations, click here.