TDS - FAQ

This topic provides all the FAQ related to TDS.

1. Is the new TDS Nature of Payment for Section 194N provided in Tally.ERP 9?

2. Is the calculation of TDS Section 194N supported in Tally.ERP 9?

3. An error Partially overlapped appears while saving TDS Stat payment. Why?

1. Is the new TDS Nature of Payment for Section 194N provided in Tally.ERP 9?

Yes, this new TDS Nature of Payment is available in the list of Nature of Payment (wherever applicable).

2. Is the calculation for TDS Section 194N supported in Tally.ERP 9?

Only the TDS category name - Payment of certain amounts in cash - is provided in the Nature of Payment list . The calculation is not supported.

As per Finance Bill No. 2, this TDS nature of payment is applicable for financial institutions. The department has notified that if a person makes cash withdrawals from financial institutions in excess of the threshold limit of ₹ 1 crore, the financial institution must deduct TDS on the difference amount before making the payment. We are working to support TDS calculation as per this requirement, and a resolution will be available in our upcoming release.

3. An error 'Partially overlapped' appears while saving TDS Stat Payment. Why?

Consider the following example, in which the error Partially overlapped can occur.

A Stat Payment already exists (made on 12-Dec-2018) for a particular period (1-Nov-2018 to 30-Jan-2019). If another stat payment is recorded (on 12-Jan-2019) for an overlapping period (1-Jan-2019 to 31-Jan-2019), the error Partially overlapped occurs while saving the voucher. To correct this:

● Go to Gateway of Tally > Statutory Reports > TDS Reports > Challan Reconciliation .

● View the TDS Challan Reconciliation report for any date on which the payment entry was recorded (12-Dec-2018, in this example).

● Click L : Show All and correct the To period for the voucher (as 30-Nov-2018, in this example), and save it.

Now you can record a new Stat Payment voucher.