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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/te9rel53/Common_Files/Release_Notes_Main_Page.htm

Tally.ERP 9 Release 5 Highlights

Tally.ERP 9 is now packaged with powerful features offering a wide range of product enhancements. Release 5, aimed to make business management simpler, gives you a lighter and swifter experience.

Demystifying Taxes

Taxes are no longer complicated or cumbersome. You can now configure and implement new tax rates within seconds of any statutory rate change, without waiting for product updates.

Release 5 also gives you the experience of a hand-prepared return with intuitive intelligence designed to help you generate 100% accurate returns in a matter of minutes.

Click VAT, Service Tax, TDS, Excise for Manufacturer and Excise Dealer for more.

Synchronisation

On-Demand data synchronisation gives you the ability to share information across multiple locations in a simple, reliable, and secure manner, without the need to be simultaneously connected to each other. Data synchronises automatically when users access Tally from other locations.

What’s more? All master information as well as transaction data across locations are synchronised. It also ensures that creation, modifications, and deletions are appropriately updated.

Click Synchronisation for more.

Post-dated Cheque Management

Tally.ERP 9 Release 5 tracks and records post-dated cheques. These are automatically regularised on the due date. You can also view accounts with or without the impact of your post-dated cheques aiding you to manage funds efficiently.

Click PDC for more.

Seamless Migration

Release 5 offers you quick, easy, and seamless migration of business data. Tally will automatically populate all relevant data such as tax information, MRP, and so on, and migrate your data accordingly. Upgrade to the latest release and get started with your billing process immediately.

Click Migration for more.

Personalized Product Updates

Updates are now small, smart, and quick.

With Tally.ERP 9 Release 5, stay up-to-date with releases relevant to you. For example, if you are in Bihar and there is a statutory update for Goa, you do not have to update your Tally. Why should you when it does not affect you?

One Click Installation

Installation is one click away!

With Release 5, you are up and running in seconds. Need we say more?

Flexible Licensing

Your Silver license is no longer restricted to one computer.

Release 5 enables multiple users to access a single user license, one at a time.

Click Licensing for more.