Setting Zero or Lower Rate for TDS

You can set up zero or lower rate related to TDS by enabling the necessary configurations under F12: Configure during ledger creation.

To set zero or lower rate for TDS

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 Zero/Lower Collection.

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

7.    Select the Section Number.

8.    Enter the Certificate No./ Date.

9.    Enter the Applicable From date.

10.  Enter the Applicable To date.

11.  Enter the rate of TDS in the TDS field.

12.  Repeat steps 6 to 10 for the required TCS nature of goods.

13.  Select End of List to exit the screen.

14.  Press Ctrl + A to save the details.

15.  Press Ctrl + A to save the party master.