8.1 Introduction
8.2 Activation of TDS in TallyPrime
8.3 Recording TDS Compliant Transactions
8.3.1 Booking of Expenses & deducting TDS in the Journal Voucher
8.3.2 TDS Transaction for Purchase of Software
8.3.3 TDS on Sales Commission and Deducting TDS
8.3.4 Accounting TDS on Capital Expenditure
8.3.5 Accounting for TDS on Advance Payments and Adjusting Advances towards Bill
8.3.6 Purchase Escalation after Recording TDS Transaction
8.3.7 Reversal/Cancellation of Expenses with TDS
8.3.8 TDS on Works Contract attracting GST
8.3.9 TDS on Payments to Non-Residents (DTAA)
8.3.10 TDS on Income from Foreign Currency, Bonds or Shares of India Company
8.3.11 Accounting Direct Payment and deducting TDS
8.3.12 Accounting Multiple Expenses and Deducting TDS later
8.3.13 TDS on Reimbursement of Expenses (Pure Agent)
8.4 TDS Payment to Department
8.4.1 TDS Outstanding
8.4.2 Payment of Tax to the Income Tax Department
8.4.3 Generating TDS Challan (ITNS 281)
8.4.4 Interest Payment to Income Tax Department on Delayed Tax Payment
8.5 TDS Report
8.5.1 Challan Reconciliation
8.5.2 Form 26Q
8.5.3 Form 27Q
8.6 E-Return
8.6.1 Form 26Q
8.6.2 Form 27Q
8.6.3 TRACES Portal
8.7 Maintaining Books of Accounts as a Deductee
Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises