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Tax Deducted at Source (TDS)

The Tax Deduction at Source (TDS) features of Tally.ERP 9 delivers a phenomenal experience and great capabilities:

You can:

  • Deduct TDS at the same time, while booking expenses
  • Deduct TDS in a single voucher at the end of the month for all TDS related Payments/ Expenses booked
  • While making a payment to one expense head (ledger) the amount can be split to more than one nature of payment (including part payment exempt from TDS)
  • Record both TDS related and non-TDS related payments in a single Voucher
  • Manage TDS for Non-Residents (Sec.195) payments
  • Reverse TDS deducted
  • Manage retrospective TDS surcharge calculation once the surcharge limits are crossed
  • Manage exceptions - Lower or zero rated TDS, ignore IT & surcharge exemption limits for specific parties
  • Use the option to create a single TDS duty ledger to deduct TDS for all nature of payments
  • Excel export forms 26, 26Q, 27, 27Q and 16A

These reports are available:

  • Computation report to better mange TDS deductions
  • TNS 281 -TDS Challan
  • TDS Outstanding
  • TDS Exception Reports – for example TDS parties not having PAN details
  • Form 16A
  • Form 26 & related Annexure
  • Form 26Q & related Annexure
  • Form 27 & related Annexure
  • Form 27Q & related Annexure
  • e-TDS
  • Form 27A

Combined with TDS, TCS, VAT, FBT, Service Tax, Excise for Dealers, Excise for Manufacturers and others, Tally.ERP 9 comes with complete statutory taxation coverage.

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