TCS Party Summary

To view the TCS Sales Summary report,

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

• Select Output Tax and press Enter

• Click on F6: Party Wise button or press Alt+F6 keys

Note: The Transactions where the TCS values are not calculated correctly (TCS Assessable value or TCS amount is altered) are highlighted in Red to bring the Auditor’s attention.

Column Details:

• Sales Value: Displays the total sales value for the TCS related transactions

• Assessable Value: Displays the total sales value that is subjected to TCS deduction.

• TCS Payable: Displays the TCS Amount Payable for each category.

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

Button options in the TCS Party Summary

The button options in the TCS Party Summary are same as TCS Categories screen except F4: Category Wise, which will display the TCS Categories report.

The user can press Enter on any of the Party Ledger to view the TCS Bills.