Tall ly.

ERP 9 P
Q Quick Se etup for TDS in Tally.ERP 9 T P
D Did you kn now that in Tally.ERP 9, you can n P im mplement all statutory modules and Tally.N a y NET s service from just a single screen? e Imple ementing company statu utory module in es T Tally.ERP 9 involves set tting up of st tatutory mas sters b entering the required details, creation of nee by t eded v voucher type and going through advance setu if es a up r required. Similarly, se S etting up Tally.NET also T r requires cre eation of us sers with di ifferent secu urity le evels and defining va arious authorization rig ghts b based on bu usiness requirements. Let us take an e e example. The standard steps require to implem s ed ment s statutory mo odule for Ta Deducted at Source is ax e s shown in the image belo e ow: Com mpany Setu up: The C Company S Setup is an n optio to updat TDS deta on te ails. To do t this, click C C: Com mpany TDS Details > E Enter the req quired details s > Ac ccept the screen. Com mpany Setu up, Master Setup and Advanced d d Setu It also s up. shows the c configuration details and n d statu us.

Reme embering th sequence of creation of he e a these le all edgers, vou ucher types and various s s settings is not a simple task. Bu Quick Se n ut, etup p provides a one stop so o olution that allows user to rs c complete all these req quirements in a sequential i m manner from a single screen. It he m s elps users save s time, prevent errors and makes implemen s nting s statutory mo odules in Tally.ERP 9 a stressT -free e experience. Curre ently, Quick Setup featu in Tally.E ure ERP 9 is available for 7 diff ferent modu ules and in this a article lets implement Quick Setup for Tax t S D Deducted at Source. To do this: o RP Go to Gateway of Tally.ER 9 > Quick >Tax Deduct at Source ted Setup> The Quick Setup for Tax Deducted at d S Source scr reen has three differe ent sections s

e: essment Num mber (TAN) is a ten digi it Note Tax Asse alph hanumeric n number issu ued by the Income Tax x Dep partment to t deductor the r. Mas ster Setup: The mas : ster setup helps users s crea ledgers f Expense Party and Tax and it ate for es, i also allows spe o ecifying appr ropriate TDS options for S thes ledgers. se ou ate e Expense Ledger: Yo can crea expense pecify the group and nature of d o ledger, sp payment w which in tur will help you get the rn e appropriat TDS amou te unt. Tax Ledg gers: Tax ledgers a are used in n Sales/Purc chase transa actions for a automatic tax x calculation Here, yo can crea TDS tax n. ou ate x ledger; sp pecify the group and th nature of he o payment.

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Tall ly.ERP 9 P
Party Ledgers: Th party ledg L he gers are crea ated for the sellers or buyers. Here, you can e H specify the type of deductee and enter TDS y o T details (PAN/IT nu umber, Sale Tax num es mber, CST nu umber and the mailing address). a Ignore S Surcharge Exemption In case n: e payment e exceeds Sur rcharge Exemption Limit t, you can sp pecify the pa ledger t ignore this arty to s limit, selec the deduc ct ctee type and enter the e PAN/IT nu umber. Configure Income T e Tax Exemp ption: When n the TDS a amount is mo than the Income Tax ore e x Exemption Limit, you can speci the party n u ify y ledger to ig gnore the sa ame. Configure Auto D e Deduction in same e voucher i applicable: You can set up party if y ledger to deduct TDS in the sa S ame vouche er king the expenses. while book

N Note: PAN/IT No is a 10 digit alpha T anumeric num mber a allotted by the Income Tax Department. e x

Lets create an expense ledge to be use in er ed T TDS transac ction as follow ws: Press Alt+X to op Expense Ledger Se pen e etup screen Enter Name of Ledger > Select Indi irect Expens ses from the list of groups in Under e r By defa Is TDS Applicable will set to Y ault w Yes Select the relev vant Defau ult Nature of Payme ent Press Enter to save E e

In the same way, you can create Tax ledgers and c T P Party ledgers s. A Advanced Setup: Th Advance Setup has he ed d different options to meet different us sers r requirements as follows: s Config gure Lower Rate Deduc ction (Sec197): For a deductee with an appr w roved certific cate for low wer tax ded duction than the specified n rate, you can spe y ecify the group, deduc ctee type, nature of payment, se n p ection num mber, certifica no/date, TDS rate, the applica ate able date ra ange and the PAN/IT num e mber. Config gure Zero Rate De eduction (Sec 197A): For a party with an appro p oved ate o uction, you can certifica for zero rate dedu specify the group, deductee type, nature of y , e payment, section number, cer n rtificate no/d date, TDS ra ate, the app plicable date range and the e PAN/IT number. T

For examp when a party has c ple, certificate fo or wer duction (Sec 197), you can set up a c Low Rate Ded ledg using the following st ger e teps: Press Alt+ > Enter Name of Led +L dger Select Su undry Credit from a list of groups tor s in Under Select app propriate De eductee Type Set Set L Lower Dedu uction to Y Yes to ente er further det tails about lo ower deduct tion > Accep pt the screen n Enter PAN or IT No N Accept the screen to s e save

Note Make sur you ente the PAN/I as this is e: re er IT requ uired to furnish e-TDS retur h rn.

Y You can folllow similar steps for o other options s unde Advance Setup w er ed without havin to switch ng h betw ween multiple screens. H Hence now the Quick Setup wizar is here to rd o help you through, with a simple solution for p impllementing all the st tatutory mo odules and d Tally y.NET.
For more Ta ally Tips on Tally.ER RP 9 visit t: w.tallysolution ns.com/websit te/html/contac ctus/tallywww tips.p php

Tally Solutions Pvt. Ltd. All Rights Reserved -2011

www.tallysolutions.com