17.1 Introduction to TDS
17.2 Basic Concepts of TDS
17.3 TDS Process
17.4 TDS in TallyPrime
17.4.1 Activation of TDS in TallyPrime
17.5 TDS Statutory Masters
17.6 Configuration of TDS at Different levels
17.6.1 Configuration of TDS at Group level
17.6.2 Configuration of TDS at Ledger level
17.7 Recording TDS Compliant Transactions in TallyPrime
17.7.1 Expenses Partly Subject to TDS
17.7.2 Booking Expenses and TDS deduction on crossing Exemption Limit
17.7.3 Accounting Multiple Expenses and Deducting TDS later
17.7.4 TDS on Expenses at Lower and Zero Rate
17.7.5 TDS on Expenses at Higher Rate
17.7.6 Recording Transaction when TDS Exemption limit is not crossed
17.8 TDS Exceptions
17.9 TDS Payment to Department
17.9.1 Resolving Uncertain Transactions
17.9.2 TDS Outstanding
17.9.3 Payment of Tax to the Income Tax Department
17.9.4 Generating TDS Challan (ITNS 281)
17.9.5 Interest Payment to Income Tax Department on Delayed Tax Payment
17.10 TDS Report
17.10.1 Challan Reconciliation
17.10.2 Form 26Q
17.10.3 E-Return
17.11 Changes in TDS rates from 1st April 2021
Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises