Apply TDS on Taxable Amount
Here are the steps to Apply TDS on Taxable Amount. To learn more, you can also watch this RELY Online tutorial video:
Apply TDS on Taxable Amount
To Apply TDS on Taxable Amount, select the desired company.
1. Go to Utilities > Setup > Books and press Enter key.
2. List of day-books will be displayed, select the desired purchase day-book and press Enter key.
3. Select Method 2 option here, from the list of options displayed and press Enter key.
4. In 'TDS on amount including GST?', enter Y here, to apply TDS on Net Amount. Otherwise, enter N, to apply TDS on Taxable Amount. A tick mark will be seen on the right side.
5. Press ESC key.
6. In 'Save', select Yes option and press Enter key.
7. Press ESC - ESC.
Next,
1. Go to Transaction > Purchase and press Enter key.
2. List of day-books will be displayed, select the desired purchase day-book and press Enter key.
3. Fill in all the details/fields one by one and save the invoice.
4. Invoice will get saved and TDS will be applied on the taxable amount of the invoice.
5. This is how you can apply TDS on Taxable Amount during Purchase transaction.