The TDS (tax deduction at source) features of Tally.ERP 9 delivers a phenomenal experience and great capabilities:
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Important points:
• 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 forspecific 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
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