Configuring TDS in Expense & Party Ledgers

1. Configuring TDS in Ledgers

• Expense Ledger: Create Advertisement Expenses under Indirect Expenses → Set Is TDS Applicable to Applicable → Select Payment to Contractors.
• Party Ledger: Create Apex Advertising Pvt Ltd under Sundry Creditors → Set Maintain balances bill-by-bill to Yes → Set Is TDS Deductible to Yes → Deductee Type: Company - Resident.
• TDS Tax Ledger: Create TDS on Contractor A/c under Duties & Taxes → Type of Duty/Tax: TDS → Nature of Payment: Payment to Contractors.