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[docs] new folder knowledge library added
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@@ -7,7 +7,14 @@ One of the primary motivator for compulsory use of accounting tools is calculati
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### Tax Accounts
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For Tax Accounts that you want to use in the tax templates, you must mention them as type “Tax” in your Chart of Accounts.
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For Tax Accounts that you want to use in the tax templates, you must mention them as type “Tax” in your Chart of Accounts. Some Item-tax features are given below :
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- **Discount**: The maximum Discount that can be applied on an Item can be fixed in the Item master. Read [Discount](docs.user.selling.discount.html)
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- **Inclusive and Exclusive Tax**: ERPNext allows you to enter Item rates which are tax inclusive.
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- **Flat Discount**: This feature will be added soon.
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- **Exception to the rule**: Item tax settings are required only if a particular Item has a different tax rate than the rate defined in the standard tax Account
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## Sales Taxes and Charges Master
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