To enable TDS in Tally,
Go to Gateway of Tally> F11: Features> Statutory & Taxation
In the Company Operations Alteration screen,
| 1. | Set Enable Tax Deducted at Source and Set/Alter TDS Details to Yes |
| 2. |
Enter the TDS Deductor details in Company TDS Deductor Details screen
A brief description on the fields that appear in the Company TDS Deductor Details screen is given below.
Tax Assessment Number
Enter the Tax Assessment Number (TAN) in this field.
The Tax Assessment Number (TAN) is a ten-digit alphanumeric number, issued by the Income Tax Department (ITD) to the deductors.
One Tax Assessment Number is adequate for different types of deductions. TAN must be quoted properly on all Challans, Payment for TDS, Returns, All Certificates - Issue in Form No.16/16A, All Returns and in all documents and other correspondences with Income-tax Department.
Income Tax Circle/Ward (TDS)
Enter the Income Tax Circle/Ward (TDS) issued by the Income Tax Department
Deductor Type
According to the nature of the organisation, select the Deductor Type (Government or Others) from the list.
Name of person responsible
Enter the name of the person authorised to file the TDS returns of your company.
Note: If Tally has a security feature enabled then this field is automatically filled with the user name.
Designation
Enter the designation of the authorised person filing the TDS returns.