Tutorial:
Creating TDS Limit Tutorial:
Creating TDS LimitTDS Limit interface is used to set options for checking threshold limit of TDS applicable for contractual amount paid or credited and aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year on any TDS nature based on a selected creditor account head of the company.
Company: Select the company (Mandatory).
Account Head: Select account head (Mandatory).
Nature of Tds: Select Tds nature (Mandatory).
Financial Year: Select financial year (Mandatory).
Check Tds Limit: Select this box to check Tds limit (Value of transactions to be checked for a year if during the year the threshold limit is exceeded then TDS will be applied with retrospective effect)
Check Transaction Limit: Select this box to check transaction limit (If value of any transaction exceeded the prescribed limit then TDS will be applied in that transaction)
Transaction Limit Checking for Surcharge Deduction is Not Needed: Check this if required
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