02/01/2012 - 03/01/2012

Tally 9.erp (release 3 & all upper version) allow to use and print COMPANY LOGO or CORPORATE LOGO in some selected documents.

Corporate Logo symbolizes any company & creates separate identity from others. Sometimes common people forget company name but remember their logo. Logo is easily identifiable for its design, color and different from others. So it's use as a BRAND for a company.

Tally 9.erp insert this grate feature to use important company document (mainly which is used for external purpose) i.e. Sales Invoice, Delivery Notes or Challan, Debit Notes, Credit Notes, Outstanding or Receivables, Reminder Letter, Pay Slip, Purchase Order

Step 1 
LOGO
  • Logo (picture) format must be BMP or JPEG
  • Logo size = 96 (width) *  80 (height) pixel

Definition of Cash Credit facility
There are many ways to raise finance; Cash Credit is one of the many ways of raising finance. Cash Credit makes a provision by lender (mainly bank or financial institute) for loan (also called advance, finance, credit etc) by depositing the sanctioned amount of the loan into new account from which borrower (business organization) can withdraw as per requirement within permissible amount fixed by lender for specific time or period.

Example: - say, ABC Ltd needs ` 1,15,000 for payment to supplier of raw materials. Bank permits `1,00,000 per day as cash credit limit for this period. In this situation ABC Ltd can withdraw only `1,00,000. Interest also calculated on ` 1,00,000 on daily basic, not on ` 1,15,000.

What is Tax Deduction at Sources (TDS) or Definition of TDS:-

Tax on income of previous year is usually made on the assessment year. To avoid tax evasion, the Income Tax Act has made provision to collect tax by way of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS).

Tax deducted at source is one of the modes of collecting Income-tax from the assessee in India. TDS is an indirect method of collecting tax from the tax payer/deductor by the income tax department through tax payer. TDS is pre-paid payment of tax in previous year in which incomes receive/accrued. The tax so deducted from the income of the payee is deemed to be payment of Income-tax by the recipient at the time of his assessment. Such amount of tax i.e. TDS will be deducted from Tax Liability at the time of assessment in the assessment year. TDS is final tax payable, when payee fill return, the payee pays the balance if under TDS payment in the previous year or asks for refund if over TDS payment in the previous year. Income & payment of tax both occur in the previous year. Payee is liable to pay tax on income in previous year on previous year income. Under the scheme of TDS, person (payer) is responsible for making payment of income are liable to deduct tax at source at a specified rate from the income (if such income cover under TDS provision issue by Income Tax Act) as per relevant provision of the act and balance income is either to be credited in the account of payee or is handed over. The amount so deducted is to be deposited to the Central Governments’ treasury (either deposited to bank through Challan-281 or make a book transfer without use of challan) within the stipulated time in the name of payee.

For example: -

When any employee is received salary from employer, employer is liable to deduct tax at source before payment (if employee income for this previous year is taxable).

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