Ignoring Income Tax Exemption Limit

You can choose to ignore income tax exemption limit while creating ledgers by using F12: Configure options for advanced TDS entries.

To ignore income tax exemption limit

1.     Click F12: Configure in the Ledger Creation screen.

2.     Enable the option Allow advanced entries in TDS masters.

3.     Press Ctrl + A to save the details. A new option Use Advanced TDS Entries will be available.

4.     Enable the option Use Advanced TDS Entries.

5.     Select Applicable in the Set/Alter Ignore Income Tax Exemption Limit.

6.     Select the required TDS nature of goods from the List of TDS Nature of Pymts.

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.