To create a Party ledger grouped under Sundry Debtors or Sundry Creditors,
Go to Gateway of Tally> Accounts Info.> Ledgers> Create
| 1. | Enter the Name of the Ledger |
| 2. | Select Sundry Debtors or Sundry Creditors from the List of Groups in the Under field |
| 3. | If required, set Maintain balances bill-by-bill to Yes |
| 4. | Set Is TDS Applicable to Yes |
In the TDS Details screen:
| • | Select the Deductee Type from the List of Deductee Types |
| • | Set Is Lower/No Deduction Applicable to No if not applicable |
| • | To ignore the exemption limit for surcharge and to calculate the surcharge on the amount specified, set Ignore Surcharge Exemption Limit to Yes |
| 5. | Enter the Mailing Details and Tax Information |
| 6. | Accept to save the Ledger |
Note: While creating ledgers under Sundry Creditors or Sundry Debtors, ensure Maintain Bill-wise Details is set to Yes. If the party is a Non Resident Deductee type, then PIN Code, State and the Sales Tax Number fields are not applicable.