This topic provides product-related improvements and enhancements made in Release 5.4.4, in-line with updates to the TDS/TCS norms.
● When a journal entry was recorded for TDS booking with deduction transaction, its values were pre-filled in the non-TDS ledger in the next journal entry. This resulted in wrong TDS calculation. This issue is resolved.
● After migrating data from release 4.93 to 5.2, when a purchase transaction was recorded in accounting mode with voucher class, TDS was not calculated. This issue is resolved.
● When a single payment voucher was recorded manually for parties whose deductee type belong to company and non-company with the same challan details, an error occurred while validating the exported E-TDS text file using the FVU E-TDS/TCS validation tool provided by the department. This issue is resolved for the exported text file and validation.
● While recording TDS booking with deduction in journal voucher, the value entered for party ledger changed after accepting the Bill-wise details screen. This issue is resolved.
● In a company with TDS and Service Tax enabled, an error message Party Ledger Name not given for ledger was displayed while recording purchase invoice, in accounting invoice mode, using the voucher class predefined with the following ledgers:
o Purchase ledger where Is TDS applicable? set to Not Applicable.
o Expense ledger where Is TDS applicable? set to Applicable.
o Duty ledger where Type of duty/tax? set to TDS.
This issue is resolved.
● While recording TDS booking with deduction using multiple TDS nature of payments, the TDS ledger voucher report was displaying the total voucher amount instead of the value for the selected TDS nature of payment. This issue is resolved.
● During journal voucher entry for TDS booking with deduction, if the same TDS expense ledger was selected more than three times by tagging to relevant TDS Nature of Payment and Not applicable, the party ledger allocation and TDS calculation were incorrect. This issue is resolved.
● When TDS assessable value was overwritten in a transaction recorded for making advance payment to a party, the following errors were observed:
o TDS was calculated on the entire amount credited to the party and not on overwritten TDS assessable value.
o The remaining amount allocated as Not Applicable for TDS calculation at voucher level was appearing as Under Exemption Limit in the TDS Form 26Q report.
These issues are resolved.
● After recording a voucher for booking TDS expense by selecting a party ledger created by setting Ignore Income Tax Exemption Limit as Applicable, if a separate voucher was created for deducting TDS against this expense, TDS was not calculated. This issue is resolved.