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TallyPrime 5.0 automates TDS calculation under Section 194Q, ensuring compliance with Finance Bill 2021. Easily calculate TDS on transactions, manage threshold limit and exemptions, and file returns seamlessly.
https://help.tallysolutions.com/docs/te9rel66/Tax_India/tds/save-form-26q.htm

Save, Recompute, Overwrite Form 26Q

To save Form 26Q, you need to save the Form 26Q Return, recompute the corrected return, overwrite the corrected report, save the recomputed valued as revised return, and finally export Form 26Q.

On this page

Save the Return

Recompute Corrected Return

Overwrite the recomputed information

Save As Revised

Export Form 26Q

Save the Return

1. Click F6: Save . If the count of Uncertain Transactions count is not zero, a message appears as shown below:

2. Click Yes to save Form 26Q w ithout solving exceptions.

3. Click No to solve the exceptions first and then save.

4. If the count of Uncertain Transactions count is zero, a message appears as shown below:

5. Click Yes to save the return.

Note: If any master or transaction is modified or added after saving the return, the values can be recomputed. The recomputed information can be overwritten on the Form 26Q saved earlier or saved as a revised return.

Recompute Corrected Return

1. Generate Form VAT 26Q report for the period for which the return was saved.

For example , if the return was saved for the period 1-Apr-2015 to 30-Apr-2015, view the report for the same period.

2. The message The return values might have been changed, press F5 to recompute appears with a new section comprising details of:

o Modified Masters : Displays the count of purchase and sales ledgers in which tax rates have been modified. Press Enter on Modified Masters to view the details.

o Modified Vouchers : Displays the total count of vouchers which are Created , Altered , Cancelled and Deleted .

3. Click F5: recompute . Once the values are recomputed, the section displayed for modified masters and transactions will not appear.

Overwrite the recomputed information

On recomputing the values of modified transactions, Form 26Q report displays two buttons, F6: OverWrite and F7: Save as Revised .

1. Click F6: Overwrite . If the count of Uncertain Transactions count is not zero, a message appears as shown below:

2. Click Yes to overwrite without solving exceptions.

3. Click No to solve the exceptions. If the count of Uncertain Transactions count is zero, a message appears as shown below:

4. Click Yes to accept and overwrite the data with modified details.

Save As Revised

To save the recomputed valued as revised return without overwriting the information, click F7: Save as Revised .

Click F7: Save as Revised . If the count of Uncertain Transactions count is not zero, a message appears as shown below:

5. Click Yes to save the data without solving exceptions.

6. Click No to solve the exceptions first and then save as revised return. If the count of Uncertain Transactions count is zero, a message appears as shown below:

7. Click Yes to save the data as revised return.

Export Form 26Q

On saving the modifications, e-filing of the returns can be done from Form 26Q. Tally.ERP 9 exports 26Q returns in .txt format as required by the department.

1. Press Ctrl+E .

2. Press Enter to export the data in the selected format.