TDS will be deducted on the basis of the deductee type, which has to be defined in the party ledger.
To create a party ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create
2. Enter the Name .
3. Select Sundry Creditor as the group name in the Under field.
4. Enable the option Maintain bill-by-bill , if required.
o Set a Default credit period .
o Enable the option Check for credit days during voucher entry , if required.
5. Enable the option Is TDS Deductible?
6. Select a Deductee Type .
7. Enable Deduct TDS in Same Voucher , if required.
8. Enter the Name of the service provider under Mailing Details .
9. Enter the Address .
10. Select the Country from the List of Countries .
11. Select the State from the List of States .
12. Enter the PIN Code .
13. Enable Provide Bank Details , if required.
o Enter the Nickname for the service provider.
o Alter the Favouring Name , if required.
o Select the Transaction Type from the List of Transaction Types .
o Enable the option Set as Default , if required.
14. Enter the PAN under Tax Information .
15. Enable the option Provide PAN Details to enter PAN details of the party.
o Enter the PAN Effective Date .
o Enter the Name on PAN .
o Press Enter to save the details.
The Ledger Creation screen appears as shown below:
16. Press Ctrl+A to save the details.
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