Implement TDS Across Financial Years

A new column attribute “Implement TDS across Fin Year” is added in Setup TDS types window. If this option is enabled, then, if TDS has been deducted for a party in previous financial year then TDS will be applicable from the first bill of party in current financial year.

Go to Setup TDS Types window and open Setup column attributes. Tick to enable the option.

Press Space key and mark it as ” yes” to enable .After applying this option even though the running balance in current year is less then TDS effective amount ,TDS will be calculated on the basis of running balance from previous year.