The Deductible - Expenses Summary displays the details of the Expenses for which the TDS amount is not deducted at all.
To view the Deductible - Expenses Summary report,
Go to Gateway of Tally > Audit & Compliance > 44AB Audit > Tax Deducted at Source > Deductible
The above report an Expense-wise breakup of the Assessable Value and the estimated Tax Amount along with the Audit Status. The description of each field is as shown:
Particulars: Displays the Name of the Expense Ledger. For the Advanced Payments, Name of the Party is displayed in this column.
Assessable Value: Displays the total value to be considered for TDS calculation.
Tax Amount: Displays the estimated Tax Amount calculated based on the Assessable Value and the Tax Rate as per the Nature of Payment and Type of Party.
Audit Status: Displays the Number of available TDS Bills for each Expenses which are Audited and Unaudited along with the Total count.
The user can press Enter on any Expense Ledger to view the respective TDS Bills.
To view the Deductible Party Summary,
Press Alt+F4 or Click on F4: Party
The Deductible Party Summary report displays the Party-wise Assessable Value, estimated 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.
To view the Deductible Nature of Payment Summary,
Press Alt+F5 or Click on F5: Party
The Deductible Nature of Payment Summary report displays the Party-wise Assessable Value, estimated Tax Amount and Audit Status with the Count of Unaudited and Audited entries.
The user can press Enter on any Nature of Payment from the above report to view the respective TDS Bills.
C: Clause Reference
For details, refer Clause Reference.
Click on F12: Configure to hide/ display the Audit Details.
