Mar 21, 2022

Enable TCS Tax In Tally Prime | Learn How To Record TCS Transactions In Tally Prime Step by Step Guide

TCS Full Form Is Tax Collected at Source, TCS  is tax that is payable by the seller, but which is collected from the buyer. 

You Need A Company In Tally Prime For Record TCS Tax Transaction In Tally. In This Post You Will Learn "How To Record TCS Tax Transaction In Tally Prime Step By Step Guide.

Step 1 Create Company In Tally


Step 2 Enable TCS In Tally Prime By Press F11 Key

After Create Company You Have To Enable TCS Tax Feature In Tally Prime For Record TCS Tax Transactions. Press F11  Key For Enable TCS Tax In Tally Prime. 

As You Tap Yes Then You Have To Fill TDS Details.

Step 3 TCS Details And Responsible Personal Name  Set Up 

As You Press Yes - On Enable Tax Deducted At Source (TDS), Here Fill These Details Like This

Note : Set / Alter Details Of Person Responsible 

Step 4 Ledgers Creation In Tally Prime 

4.1 TCS On Purchase Ledger Create 

Gateway Of Tally >> Create >> Ledger 
Select Group And Press CTRL + Enter For Direct Alter Group Details. After This You Will Eligible For Fill Percentage Calculation So First Alter Group Do As Bellow Shown. 
Note Tap On Current Assets & Press CTRL + Enter 


4.1.1  Group Alteration Current Assets 

Tap Yes After Select " Used for calculation (for example : taxes , discount) 

Fill Percentage 

Step 4.2  Sundry Creditor Ledger Creation SKB Builders

Gateway Of Tally >> Create >> Ledger 


Step 4.3 Purchase Ledger Creation Purchase A/c 

Gateway Of Tally >> Create >> Ledger 

Step 5 Item Group Creation Hardware 

Gateway Of Tally >> Create >> Stock Group

Step 6 Item Unit Creation 

Gateway Of Tally >> Create >> Unit 

6.1 Unit Number Create 

Gateway Of Tally >> Create >> Unit Create Nos 

Step 7 Stock Item Creation 

Gateway Of Tally >> Create >> Stock Item

Step 8 Item Create Mouse 

Gateway Of Tally >> Create >> Stock Item Mouse 

Step 9 Take Purchase Voucher 

Gateway Of Tally >> Vouchers >> Purchase 

9.1 Press CTRL H And Choose Voucher Mode Select Item Invoice 

Gateway Of Tally >> Vouchers >> Purchase  >>  Press CTRL + H Select Item Invoice 


Step 10 Fill Purchase Voucher Like This Include TCS On Purchase Ledger 

Gateway Of Tally >> Vouchers >> Purchase 


Enable TCS In Tally  For Sale Invoice 


Step 11 TCS Nature Of Payment 

Gateway Of Tally >> Create >> TCS Nature Of Payment >> Create 


Step 11 Sales Ledger Creation 

Gateway Of Tally >> Create >> Ledger 

Step 12 Sundry Debtor Ledger Creation 

Gateway Of Tally >> Create >> Ledger 

Step 13 TCS Ledger Creation 

Gateway Of Tally >> Create >> Ledger 

Step 14 Pass Sales Voucher 

Gateway Of Tally >> Vouchers >> Sales 


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