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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/Tax_India/TDS/Other_Configurations_in_Company.htm

Other Configurations in Company for TDS

In this topic

Show all collector types

Enable Surcharge details for TDS

Show Alternate Contact details

Show all Collector Types

By default, only Company and Individual/HUF appears in the Collector/Deductor Type list.

To enable all collector types for selection

  1. Go to Gateway of Tally > F11: Features > Statutory and Taxation

  2. Enable the option Set/alter TDS details.

  3. Click F12: Configure.

  4. Enable the option Show All Deductor type.

  5. Press Ctrl + A to accept. All the organisation types will appear in the Collector/Deductor Type list for the option Deductor Type.

Enable Surcharge Details for TDS

To enable surcharge details for TDS

  1. Go to Gateway of Tally > F11: Features > Statutory and Taxation

  2. Enable the option Set/alter TDS details.

  3. Click F12: Configure.

  4. Set the option Enable Surcharge Details for TDS to Yes.

  5. Press Ctrl + A to accept.

  6. Enable the option Provide surcharge details.

  7. Enter the surcharge details, as required.

The TDS Surcharge Details screen appears as shown below:

  1. Press Enter.

  2. Press Ctrl + A to accept.

Show Alternate Contact Details

To enable alternate contatct details

  1. Go to Gateway of Tally > F11: Features > Statutory and Taxation

  2. Enable the option Set/alter TDS details.

  3. Click F12: Configure.

  4. Enable the option Show Alternate Contact Details.

  5. Press Ctrl + A to accept.

  6. Enter the STD Code, Phone No. and E-Mail.

  7. Press Ctrl + A to save the details.