Lesson-38 Recycle Bin for Tally All Version

Now Computer is necessary for everyone like school, colleges, students, industries, shops etc. Everyone use computer or laptops & its typical error to create a bug/error or a virus in computer, because of this we lost our important files & sometimes by mistake we delete our important files, but many many thanks to Mr. Bill Gate for recycle bin option in Computer/Windows, where we found our delete files and restore them. 

Before some days i was attend a Tally.ERP9 seminar & know about another improved feature of Tally.ERP9, its recycle bin for Tally (7.2, 8.1, 9 & ERP9). It works like computer recycle bin, if you delete a voucher by mistake or its necessary to delete a voucher and after sometime you want to restore the voucher, then recycle bin option is works for maintain & restore your deleted voucher. But this time we thanks to Sweta Softwares, who invent this amazing feature. This is a free utility & you can download this from Click here. 

How to install this feature:

For Tally ERP 9 users. Open your Tally Installation folder, there is a file named Tally.ini. Open this file and find User TDS=Yes paste following codes after this line.

User TDL=Yes
tdl=c:\tally\rbin9-erp.tcp( address where you have placed this file)


For Tally 9 users
User TDL=Yes
tdl=c:\tally\rbin9v.tcp( address where you have placed this file)


For Tally 7.2 users
User TDL=Yes
tdl=c:\tally\rbin.tcp( address where you have placed this file)
Save the file and start Tally. You would see extra option of Recycle Bin.(shown in the picture )

After follow these steps a option will appear on Gateway of tally screen:

After this, when you delete any voucher in Tally; it is still available in the Recycle bin and you can restore it back; if required.or you can delete the same from recycle bin also by using Alt+D from the recycle bin also. Anytime, if you want to restore then go to recycle bin, open the voucher & press enter when it say to restore. Your voucher is shown in your accounts book again. This is free utility from Sweta Softwares

Lesson-37 How to Copy a ledger

Tally.ERP9 is the one of the best ERP Accounting software in the World. It improve its features day by day, every release has a new feature according to Indian Accounting Standards. Why I m telling about Indian Accounting Standards, because Tally.ERP9 is very successful software in India. I was post lots of tutorial on Tally.ERP9, but this time I talk with you about a great feature of Tally.ERP9, Today we know about a amazing feature of Tally.ERP9, a unique option in Tally is copy a ledger group, inventory, voucher type from a company to another company (with full details & configuration). However, A accountant maintain lots of companies in Tally.ERP9, some companies are group with each other, some are subsidiaries companies & some are holding companies. Some accounts (debtors, creditors, loans, banks, expenses, income etc.) are same in lots of companies. For Example, I maintain two company in Tally.ERP9.

1^st  is ABC Limited & 2^nd is XYZ Limited, & a party Goga International is dealing with both companies in same manner (it means Goga International Sales items from both companies, therefore Goga international is shows Creditor in both companies). 1^stwe create a ledger in ABC Limited named Goga International (see below picture).

Above image is show how to create a sundry creditor with advance entries, XYZ Limited has the same ledger with same configuration. So what you can do? You exit from ABC Limited, select XYZ Limited & then you go account info, ledger & create. Its too lengthy & time wasting option.

When you create above creditor in ABC Limited you must open XYZ Limited in your gateway of tally sidebar. (See below image).

After create ledger (Goga International), exit from ledger creation & select alter-> Goga International, Press F3 (This option shows you change the Company) select XYZ Limited & Press Ctrl + A or select yes when say to accept the ledger creation, exit Tally.ERP9 now (its not necessary to exit the program, but for safety reason make sure to exit), reopen the program & see both companies have same ledger with same configuration.  (See below image).

Calculate Interest U/s 234B & 234C

Due Date to file income tax return for person other than companies and non Audit case is 31.08.2012 .Many person have not paid their Advance tax in time .By the way advance tax for person other than companies is payable if tax due in a financial year is more than 10000 before the TDS amount .Such person have to pay advance tax in three instalments.

1. 30% of tax assessed =15 September of previous year
2. 60% of tax assessed=15 December of previous year 
3. 100% of tax assessed = 31March of previous year 

Here  tax Assessed means = Tax due minus Tax deducted at sources.

Further for capital gain amount person can pay prospective instalments only.so If you have not paid your tax pro-rata bases in advance as shown above you have to pay interest u/s 234C .Further If you have not paid your full taxes by 31.03.2012 for Ay 2012-13 then you have pay interest under section 234B on balance amount of tax .

 Interest U/s 234A is payable only if you miss the Income tax due date for Ay 2012-13 ie 31.08.2012.And I hope you are not interest in calculation under this section .However the given calculator will calculate interest under this section also where ever applicable.

Interest Rate: Interest Rate is 1% per month or part there of in all the above cases

Click Here to Download this sheet in Excel