TDS Applicable on Expenses
Here are the steps for TDS Applicable on Expenses. To learn more, you can also watch this RADIX Online tutorial video:
TDS Applicable on Expenses
For TDS Applicable in Radix, first select the desired company.
1. Click on 4. Purchase Invoice or press CTRL+4 shortcut keys.
2. List of Purchase Invoice day-books will be displayed. Select the day-book in which you want to apply TDS and click on Open button.
3. Selected day-book's masters will open. In Account field, press F4 button. 'Select the Account' form will open.
4. Again press Open button. Account masters will open.
5. Go to 2. Tax/Transaction. Enter details here:
TDS Applicable - Tick this option to make TDS applicable.
TDS Account - Press F4 button, and select the Tax Deducted at Source account from the list displayed.
TDS Rate - Enter the TDS rate here.
6. Click on SAVE button. TDS will get enabled in the day-book for all the parties/accounts.
7. In order to disable TDS for any Party/Account, click on 1. Accounts or press CTRL+1 shortcut keys.
8. List of accounts will be displayed. Select the account and click on Open button.
9. Account masters will open. Go to 2. Tax/Transaction.
10. Enter details here:
Should not deduct TDS - Tick here, if you do not want to deduct TDS for this party.
Should not deduct 25% - If 25% less TDS should not be deducted according to the new rules, then tick here.
TDS Rate - Enter the TDS rate here.
11. Click on Save button. TDS will get enabled in the Account. This is how you can enable TDS in day-book and account.
Related Topics: