The application migrates all the TDS nature of payments which were used in your previous version of Tally.ERP 9. Those Nature of Payments which were never used will not be migrated by default.
Note: When the Nature of Payment was selected as Any in the expense ledger, and specified when recording the transaction directly in the previous version, then that TDS Nature of Payment have to be created manually.
The TDS Natures of Payments which have not been migrated, will have to be created.
To create TDS Nature of Payment
1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > TDS Nature of Pymts > Create
2. Enter the Name.
3. Enter the Section number.
4. Enter the Payment Code.
5. Enter the Rate of TDS.
6. Enter the Threshold/exemption limit.
All other tax configurations made in the expense ledgers, party ledgers, and duty ledgers will be retained.
Hence, you can get started with recording transactions.
'Configuring TDS Masters' has been shared with
