You can enable advance configurations for TCS in party masters. This will allow you to configure surcharge exemption limits, and income exemption limits. You can also set a zero or lower rate of TCS for party masters.
On this page
Ignore Surcharge exemption limit
Ignore income tax exemption limit
1. Click F12: Configure in the Ledger Creation screen.
2. Enable the option Allow advanced entries in TCS masters .
3. Press Ctrl+A to save the details. A new option Use Advanced TCS Entries will be available.
4. Enable the option Use Advanced TCS Entries .
5. Enable the option Ignore Surcharge Exemption Limit .
6. Press Ctrl+A to save the details.
7. Press Ctrl+A to save the party master.
1. Click F12: Configure in the Ledger Creation screen.
2. Enable the option Allow advanced entries in TCS masters .
3. Press Ctrl+A to save the details. A new option Use Advanced TCS Entries will be available.
4. Enable the option Use Advanced TCS Entries .
5. Select Applicable in the Set/Alter Ignore Income Tax Exemption Limit .
6. Select the required TCS nature of goods from the List of TCS Nature of Goods .
7. Select End of List to exit the screen.
8. Press Ctrl+A to save the details.
9. Press Ctrl+A to save the party master.
1. Click F12: Configure in the Ledger Creation screen.
2. Enable the option Allow advanced entries in TCS masters .
3. Press Ctrl+A to save the details. A new option Use Advanced TCS Entries will be available.
4. Enable the option Use Advanced TCS Entries .
5. Select Applicable in the Set/Alter Zero/Lower Collection .
6. Select the required TCS nature of goods from the List of TCS Nature of Goods .
7. Select the Section Number .
8. Enter the Applicable From date.
9. Enter the Applicable To date.
10. Enter the rate of TCS in the TCS field.
11. Repeat steps 6 to 10 for the required TCS nature of goods.
12. Select End of List to exit the screen.
13. Press Ctrl+A to save the details.
14. Press Ctrl+A to save the party master.
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