TDS Summary for Deducted at Lower Rate

The Deducted at Lower Rate - Expenses Summary displays the details of the Expenses for which the TDS is deducted at Zero rate.

To view the Deducted at Lower Rate - Expenses Summary,

Go to Gateway of Tally > Audit & Compliance > 44AB Audit > Tax Deducted at Source > Deducted at Lower Rate

The above report shows an expense-wise breakup of the Assessable Value, Tax Amount and Audit Status. The description of each field is as shown:

The user can press Enter on any Expense Ledger to view the respective TDS Bills.

Button Options in the Deducted at Lower Rate report

F4: Party

To view the Deducted at Lower Rate - Party Summary,

The Deducted at Lower Rate - Party Summary report displays Party-wise Assessable Value, Tax Amount and Audit Status with the count of Unaudited and Audited entries.

The user can press Enter on any Party Ledger to view the respective TDS Bills.

F5: NOP

To view the Deducted at Lower Rate - Nature of Payment Summary,

The Deducted at Lower Rate - Nature of Payment Summary report displays the Party-wise Assessable Value, Tax Amount and Audit Status with the Count of Unaudited and Audited entries.

The user can press Enter on any Nature of Payment to view the respective TDS Bills.

C: Clause Reference

For details, refer Clause Reference.

F12: Configure

Click on F12: Configure to hide/ display the Audit Details.