Skip to main content

Contact us

Popular posts from this blog

How to implement Vat in tally ERP 9

Vat (value added tax) Value added tax also known as " VAT " is levied on products or goods at every stage of production , distribution of goods and services. when a person purchase and sell some goods and services then he have to pay some percentage of his profit in favour of government. If someone turnover is less then 5 lakh then it is not required to pay vat to govt. The value which is added in the nominal value of goods with profit is called vat. Meaning and concept of value added tax Vat is imposed on goods and services at export stage, import stage, manufacturing stage, wholesale and retail stage. Vat is applied for some specific goods and services. However in the year 2017, the goods and services tax (gst) has been introduced in place of all indirect taxes in India but there are some exceptional cases where value added tax "vat" has been implemented. Vat in India is computed on some particular goods and services. Vat example: Gold, silver, prec...
2 comments
Read more

How to pass TDS entries in telly with examples

  What TDS means ? TDS stand for " tax deducted at source " which means tax amount is deductible at source where income is generated. The collection of income is required by way of tax on income, dividends or assets sales. The tax payers are required to pay tax due before paying balance to the payee. TDS (tax deducted at source) TDS is part of direct tax collections by the government from every individual of the country. It collects taxes on prescribed rates from the source of income. TDS returns are filled in different forms prescribed in annual and quarterly returns. The income tax department has specified criteria for collection of TDS.  It has a great importance while conducting tax audits. The tax changed on specified criteria helps to the government to generate higher rate of revenue from people of country. Let us take an example of TDS Assuming the nature of payment is commission and brokerage on which the specified rate is 10%. XY Ltd makes a payment of Rs 60,000 towa...
Post a Comment
Read more

How to download telly ERP 9 accounting software

Installation of telly ERP 9                                      The software is accompanied by installation package when run on the computer. The software setup and install carrying out defined instructions. This software can be downloaded from software providers and their website. How to install telly ERP 9 ( Download telly ERP 9 reales 6.6 series ) Step 1. After downloading software you can easily click on start option. Step 2 Enter the software data location where all data will save. Ex. Type <cd drive>: \ install. Step 3 press enter when you see the telly ERP 9 wizard screen. Step 4 click next to continue with the installation. The telly ERP 9 setup screen appears . 1. The program section check select telly ERP 9. 2. In telly ERP 9 setup section, you can accept the default directory and click next. 3. By default, India/SAARC appears in the country selection. S...
Post a Comment
Read more