{"id":111124,"date":"2021-02-26T15:43:52","date_gmt":"2021-02-26T10:13:52","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=111124"},"modified":"2024-04-12T14:31:20","modified_gmt":"2024-04-12T09:01:20","slug":"tax-deducted-at-source-in-tally-erp-9","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/","title":{"rendered":"Tax Deducted at Source in Tally.ERP 9"},"content":{"rendered":"\n<p><strong>TDS<\/strong>&nbsp;means&nbsp;<strong>Tax Deducted at Source<\/strong>. The concept of TDS was introduced in the Income Tax Act, 1961, with the objective of deducting the tax on an income, at the source of income. It is one of the methods of collecting Income Tax, which ensures regular flow of revenue to the Government.<\/p>\n\n\n\n<p><strong>TDS Process<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Deductee (Seller) provides Services and Bill to the Deductor (Buyer).<\/li><li>Deductor makes the payment after deducting TDS.<\/li><li>Deductor remits the TDS amount into Bank (Treasury).<\/li><li>Bank (Treasury) remit the amount to the Government Account.<\/li><li>Deductor Issues Form 16A to Deductee for the TDS amount deducted.<\/li><li>Deductor Files the e-TDS to NSDL.<\/li><li>NSDL uploads the e-TDS information to Income Tax Department.<\/li><li>Deductee Files the Return with Form 16A to Income tax Department.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif\" alt=\"image179\" class=\"wp-image-76614\"\/><\/figure><\/div>\n\n\n\n<p><strong><u>Enable TDS Feature<\/u><\/strong><\/p>\n\n\n\n<p>To&nbsp;<strong>enable<\/strong>&nbsp;<strong>TDS<\/strong>&nbsp;in Tally.ERP 9<\/p>\n\n\n\n<p>Go to&nbsp;<strong>Gateway of Tally&gt; F11: Features&gt; F3: Statutory &amp; Taxation<\/strong><\/p>\n\n\n\n<p>In the&nbsp;<strong>Company Operations Alteration<\/strong>&nbsp;screen,<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Set<strong>Enable Tax Deducted at Source<\/strong>&nbsp;<strong>(TDS)<\/strong>&nbsp;to<\/li><li>Enable<strong>Set\/Alter TDS Details<\/strong>&nbsp;to<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image180.gif\" alt=\"image180\" class=\"wp-image-76615\"\/><\/figure><\/div>\n\n\n\n<p>Enter the&nbsp;<strong>TDS deductor<\/strong>&nbsp;details in&nbsp;<strong>Company TDS Deductor Details<\/strong>&nbsp;screen.<\/p>\n\n\n\n<p>A brief description on the fields that appear in the&nbsp;<strong>Company TDS Deductor Details<\/strong>&nbsp;screen is given below.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Tax Deduction and Collection Account Number<\/strong>: Enter the Tax Deduction and Collection Account Number (TAN) in this field. The Tax Deduction and Collection Account Number (TAN) is a ten-digit alphanumeric number, issued by the Income Tax Department (ITD) to the deductors.<\/li><\/ul>\n\n\n\n<p>One Tax Deduction and Collection Account Number is adequate for different types of deductions. TAN must be quoted properly on all Challans: Payment for TDS, Returns, All Certificates &#8211; Issue in Form No.16\/16A and in all documents and other correspondences with Income-tax Department.<\/p>\n\n\n\n<p>If the&nbsp;format&nbsp;of the TAN number provided is not correct, then Tally.ERP 9 will display you the error message as shown below:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image181.gif\" alt=\"image181\" class=\"wp-image-76616\"\/><\/figure><\/div>\n\n\n\n<p><strong><u>Issue of TDS Certificate<\/u><\/strong><\/p>\n\n\n\n<p><strong>TDS certificate<\/strong>&nbsp;is a&nbsp;<strong>proof<\/strong>&nbsp;that deductor has deducted the tax and paid the same to the government. This proof is essential to the deductee to claim the credit of tax in his Income Tax returns.<\/p>\n\n\n\n<p>U\/s 203 of Income Tax Act, any person deducting the tax as per the provisions of:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Section 192 (Salary)<\/strong>shall furnish a certificate of Deduction of tax in Form 16 or Form 16AA within one month from the close of Financial year in which such deduction was made.<\/li><\/ul>\n\n\n\n<p><strong>Filling of e-TDS<\/strong><\/p>\n\n\n\n<p>The Income Tax department has now notified \u2018Electronic Filing of Returns of Tax Deducted at Source Scheme, 2003\u2019. It is applicable to all deductors furnishing their TDS return in electronic form. As per this scheme,<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is mandatory for corporate deductors to furnish their TDS returns in electronic form (e-TDS return) with effect from June 1, 2003.<\/li><li>For government deductors it is mandatory to furnish their TDS returns in electronic form (e-TDS return) from financial year 2004-2005 onwards.<\/li><li>Deductors (other than government and corporates\u2019) may file TDS return in electronic or physical form.<\/li><\/ul>\n\n\n\n<p>Deductors furnishing TDS returns in electronic form (e-TDS) have to furnish Form 27A. Form 27A is a control chart to be furnished in physical form along with CD\/ Floppy containing the e-TDS returns. Form No 27A is required to be furnished separately for each TDS return.<\/p>\n\n\n\n<p>Form 27A is a summary of e-TDS returns which contains control totals of \u2018Amount paid\u2018 and \u2018Income tax deducted at source\u2019. The control totals mentioned on Form 27A should match with the corresponding control totals in e-TDS returns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TDS&nbsp;means&nbsp;Tax Deducted at Source. The concept of TDS was introduced in the Income Tax Act, 1961, with the objective of deducting the tax on an income, at the source of income. It is one of the methods of collecting Income Tax, which ensures regular flow of revenue to the Government. TDS Process Deductee (Seller) provides&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-111124","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Deducted at Source in Tally.ERP 9 - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Deducted at Source in Tally.ERP 9 - Tutorial\" \/>\n<meta property=\"og:description\" content=\"TDS&nbsp;means&nbsp;Tax Deducted at Source. The concept of TDS was introduced in the Income Tax Act, 1961, with the objective of deducting the tax on an income, at the source of income. It is one of the methods of collecting Income Tax, which ensures regular flow of revenue to the Government. TDS Process Deductee (Seller) provides...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T09:01:20+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/\",\"name\":\"Tax Deducted at Source in Tally.ERP 9 - Tutorial\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif\",\"datePublished\":\"2021-02-26T10:13:52+00:00\",\"dateModified\":\"2024-04-12T09:01:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#primaryimage\",\"url\":\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif\",\"contentUrl\":\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Deducted at Source in Tally.ERP 9\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - A initiative in elearning and certification\",\"publisher\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\",\"name\":\"Vskills\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"width\":73,\"height\":55,\"caption\":\"Vskills\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/vskills.in\/\",\"https:\/\/x.com\/vskills_in\",\"https:\/\/www.linkedin.com\/company-beta\/1371554\/\",\"https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Deducted at Source in Tally.ERP 9 - Tutorial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/","og_locale":"en_US","og_type":"article","og_title":"Tax Deducted at Source in Tally.ERP 9 - Tutorial","og_description":"TDS&nbsp;means&nbsp;Tax Deducted at Source. The concept of TDS was introduced in the Income Tax Act, 1961, with the objective of deducting the tax on an income, at the source of income. It is one of the methods of collecting Income Tax, which ensures regular flow of revenue to the Government. TDS Process Deductee (Seller) provides...","og_url":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/","og_site_name":"Tutorial","article_publisher":"https:\/\/www.facebook.com\/vskills.in\/","article_modified_time":"2024-04-12T09:01:20+00:00","og_image":[{"url":"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif","type":"","width":"","height":""}],"twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/","name":"Tax Deducted at Source in Tally.ERP 9 - Tutorial","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#primaryimage"},"thumbnailUrl":"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif","datePublished":"2021-02-26T10:13:52+00:00","dateModified":"2024-04-12T09:01:20+00:00","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#primaryimage","url":"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif","contentUrl":"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image179.gif"},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/tax-deducted-at-source-in-tally-erp-9\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/tutorial\/"},{"@type":"ListItem","position":2,"name":"Tax Deducted at Source in Tally.ERP 9"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","name":"Tutorial","description":"Vskills - A initiative in elearning and certification","publisher":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization","name":"Vskills","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","width":73,"height":55,"caption":"Vskills"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/vskills.in\/","https:\/\/x.com\/vskills_in","https:\/\/www.linkedin.com\/company-beta\/1371554\/","https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw"]}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/111124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/comments?post=111124"}],"version-history":[{"count":1,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/111124\/revisions"}],"predecessor-version":[{"id":111126,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/111124\/revisions\/111126"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/media?parent=111124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/categories?post=111124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/tags?post=111124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}