Tax Collected at Source

To view the Tax Collected at Source report as required under Section 43B,

Go to Gateway of Tally > Audit & Compliance > 44AB Audit > Tax Collected at Source

The TCS Payable Summary screen displays Output Tax payable, Tax Paid and any Payment Disallowed along with the Tax Amount and Audit Status (Audited, Unaudited and Total) respectively, the Balance Tax Payable is also shown.

Column Details:

• Particulars: The Tax Payable,  Tax Paid and Payment Disallowed are displayed in this column.

• Tax Amount: This column displays the amount for Total Tax payable, Tax Paid and Disallowed amount during the selected period.

• Audit Status: This column displays the number of Audited, Unaudited and Total Vouchers.

Note: Payment Disallowed line will appear only if the Auditor disallows TCS Payment during the Audit process.

Button options in the TCS Payable Summary

F: Form 3CD

Click on F: Form 3CD or press Alt+F to fill in Form 3CD for Details of Payments under Section 43B.

F12: Configure

Click on F12: Configure button or press F12 Key to Hide/Show the Voucher Audit Details.

The user can highlight Output Tax and press Enter to view the TCS Categories report or highlight the Tax Paid and press Enter to view the TCS Monthly Summary report.

Drilling down from Payment Disallowed will take the Auditor to the TCS Payment Vouchers screen displaying the TCS Disallowed Payment Vouchers.

Note: Payment Disallowed will appear only when a particular Payment Voucher is marked as  Disallowed by the Auditor.