TDS

39499

• A provision is made to record cash based TDS transactions: Now, deductee type, PAN, and name of payee can be recorded for TDS purpose in cash based transactions.

77947

• A provision is made to record advance payments with TDS to supplier without affecting cash/bank ledger: Now, an advance payment transaction with TDS is recorded by crediting a supplier, and later, the advance payment is adjusted against expenses. This will help businesses where payments are made by another supplier on behalf of the recipient.

94975

• A provision is made to support e-filing of TDS Form 26Q : The button F9: e-Return is provided in Form 26Q to generate files for e-filing.

76566

• Comprehensive solutions are provided in TDS relating to deduction, adjustment reporting, and statutory filing.

56049

• Bill references of payment transactions were not being displayed in credit note for TDS reversal: Bill references of transactions recorded for TDS deduction on advance payment will now be displayed in credit notes recorded for reversing the TDS deducted.

65994

• A provision has been made to adjust partial amount of multiple bills in a single debit note: Partial TDS Assessable amount from multiple bills can now be adjusted in a single debit note by enabling the option Allow alteration of TDS Assessable amount in F12: Configure options.

64153

• A provision is made to allow alteration of TDS transaction: A TDS transaction can now be altered to record changes such as rate, category, assessable value, and so on. Further, additional ledgers can be added to transactions in the alteration mode.

77401

• A provision is made to record alternate contact details for deductor and person responsible: TDS feature is enhanced to all recording alternate contact details for deductor and person responsible by enabling the option Show Alternate Contact Details in F12: Configure options of TDS Deductor Details screen.

78978

• A provision is made to print alternate contact details in e-TDS returns: Assessees filing returns in Form 26Q, Form 27Q and Form 27EQ can now print e-TDS returns with Alternate Contact Details of deductor and person responsible.

93613, 94444

• Provision is made to support the latest changes in File Validation Utility: The validation tool used to validate quarterly e-TDS returns is changed. The corresponding changes are made in e-TDS returns to support the new validation process. Further, section 194LBA and 194DA are also supported.

71647

• A provision is made to record TDS optional vouchers and convert them into regular vouchers: Now, tax objects in an invoice will be retained, and allowed to alter when an optional voucher is converted into a regular voucher.

99865

• A provision is made to support the requirements of new validation tool for 24Q e-TDS: As required by the new validation tool of 24Q e-TDS, PAN of Responsible Person is now updated in the e-TDS file while exporting.

88865

• The cursor was not moving forward in the bill-wise details screen of journal voucher recorded for deducting TDS, resolved: When expense transaction with multiple service category is recalled in a journal voucher recorded for deducting TDS, the cursor was not moving forward in the Bill-wise Details screen.

  Now, system will accept the recalled value, and cursor will move forward.

75318

• Multiple bill references allocation was not retained in a TDS Expense transaction, resolved: When multiple bill references are allocated to a party in a single TDS Expense transaction recorded in journal voucher, the bill references are not retained, and entire amount is allocated to the first bill selected.

  Now, bill references and amount for each bill will be retained in case of multiple references in TDS expense transaction.

60836

• Assessable value displayed against output VAT was incorrect in Rule 11 invoice printout, when VAT was charged for works contract, resolved: In Rule 11 invoice of a transaction, where VAT on works contract is charged, the assessable value displayed for calculating output VAT was not considering the abatement percentage. Gross assessable value was being displayed instead of nett value.

  Now, the output VAT analysis will display net assessable value, after considering abatement.

82857

• Unable to cancel multiple TDS bills having same nature of payment in a single debit note, resolved: While recording a debit note for cancelling multiple TDS bills, the cursor was not responding after selecting the bill reference of second transaction.

  Now, bill references of multiple transactions can be selected in debit note to cancel the TDS liability.

79540

• TDS alert message was not being displayed when a party’s exemption limit was exceeded while recording a voucher, resolved: In stat 207, TDS is not deducted for the previous bills for ‘Party Name’ Do you want to deduct now Yes/No alert message was not displayed while saving a transaction in which party’s exemption limit was exceeded. Further, the provision to deduct TDS for previous bills was not being displayed.

  Now, the TDS alert message will be displayed in a transaction in which exemption limit is exceeded, and TDS is deducted.

93794

• TDS was being deducted before exceeding the set limit in Remote Client, resolved: In Remote Client, TDS was being deducted in TDS Details screen while booking an expense, even if the value was not exceeding the configured limit. However, in server system, TDS was deducted only if the limit was exceeded.

  Now, the limit configured for not deducting TDS is considered in remote client.

80334

• Unable to remove TDS TAN registration number from F11: Statutory & Taxation, resolved: The TAN registration number recorded as part of TDS details could not be removed from Statutory & Taxation features. The number was appearing when TDS Deductor Details screen was re-opened after deleting it.

  Now, TAN registration number can be deleted from Statutory & Taxation features.

98566

• Errors were being displayed while validating 24Q e-TDS text file, resolved: Taxable income from the previous employer was not considered for employees joining the company in the middle of a financial year, and the same was not exported in the 24Q e-TDS file. Due to the absence of this information, the following errors were displayed while validating e-TDS text file:

•  T-FV-4040 'Total Taxable Income(340-343)' not equal to the Difference of 'Gross Total Income(338+339)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'.

• T_FV_4327 Invalid Total amount TDS for the whole year, please mention valid Total amount of TDS for the whole year.

• T_FV_4329 Total TDS of current employer should not be greater than taxable Amount of current employer.

Now, taxable income of previous employer will be updated in the e-TDS file.

39474

• A provision is made to display the amount of TDS not deducted for a given period: Now, the Particulars section in the Form 26Q report provides the details of assessable value, tax deductible, tax deducted, and balance deductible for any given period.

82906

• The period defined in the TDS Computation report was not retained on drill down from any line item, resolved: When the period was altered in TDS Computation report using F2: Period option, the same was not retained on drill down from main screen, and was reverting to default period.

  Now, on drilling down from any line item in Form 26Q and Form 27Q reports, the altered period will be retained in the drill down screens.

86724

• A provision is made to record name for nature of payment manually along with deduction percentage: Now, name for Nature of Payment can be recorded and altered manually at any given point of time. The tax rate is also recorded manually for each Nature of Payment, with flexibility to change the rate any number of times. The new rate is applied based on the given Applicable From date.

88630

• Bill reference displayed for second ledger was wrong when multiple ledgers were selected in a TDS payment transaction recorded in double entry mode, resolved: If multiple duty ledgers created, with Nature of Payments having same section number, were selected in a TDS payment transaction recorded in double entry mode, the bill references displayed for the second duty ledger were wrong.

  Now, section number and nature of payment are defined manually. Further, if multiple ledgers are created by assigning same section number, the bill reference will be displayed accurately for each ledger in TDS payment transaction.

89441

• Ledger name displayed in journal voucher was not updated when the duty ledger was replaced in the TDS Details screen, resolved: While booking a TDS expense using journal voucher, if the TDS duty ledger selected in the TDS Details screen was replaced, the change was not reflected in the voucher. Further, newly selected duty ledger was not being displayed in the List of Ledger Accounts in the voucher, thus disallowing manual selection.

  Now, ledger selection process for TDS expense booking is changed, and the TDS Details sub-screen is no longer displayed.

   

93241

• A provision is made for non-deduction of TDS on second purchase of software products, and to update the reason in TDS reports: When TDS is not deducted on payments made for subsequent purchase of software products, the reason for non-deduction is captured in TDS reports. Now, nature of payments can be marked for non-deduction by setting the option Is Software Royalty to Yes while creating nature of payment master. Assigning such nature of payment to a payment transaction for software purchase will update the reason for non-deduction in reports.

97762

• A provision is made to change the structure of e-TDS file to support the latest version of e-TDS validation tool: The e-TDS files of 26Q and 27Q are now generated with PAN of Responsible Person in pre-defined field of the file to meet the latest requirement of the department, and also to support version 4.6 of e-TDS validation tool.

86388

• Credit note recorded for reversal of excess TDS deducted was not displaying bill references, resolved: While recording credit note for reversal of excess TDS deducted from a party, the bill references were not displayed when Agst Ref was selected as Type of Ref in the TDS Details screen.

  Now, bills used for booking expenses with excess TDS are displayed in credit not recorded for reversal of excess TDS.

   

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