Frequently Asked Questions

If the TDS deductions are not showing correctly in the tds report. Pls check the below report and correct it in the TDS vouchers accordingly.
 Step 1: Click on Display
 Step 2: Then TDS and TCS reports
 Step 3: Then Audit Report
 Here you will get the TDS entries if there is mismatch in the vouche entry. you have to correct it.

If you are not able to select the correct TDS category in the payment voucher.
 Pls follow the below steps.
 Step 1: Make sure to select the correct date range while entering the payment voucher so that the pending reference will show accordingly in the voucher.
 Step 2: Make sure that the TDS professional services account should tagged the correct TDS category.

For TCS warning notifications, You have to enable the warning option should show during the voucher entry when limit get crossed.
 Pls follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options 
 Step 4: Then TDS/TCS option
 Step 5: Then enable the warning for the TCS in the sale or receipt

Here are some strategies to help you manage taxes more efficiently:
Step 1: Regularly update yourself on changes in tax laws and regulations
Step 2: properly update the tax category with effective date changes 
Step 3: Check the Intra and Inter states tax bifucations . 
Step 4: Check HSNcode Validity 
Step 5 : Always coonfirm with the Vendor Invoice is match the tax rates

You can set up different TDS rates based on vendor PAN and TDS section from below steps :
 Step 1: Click on administration
 Step 2: Then Masters
 Step 3: Then TDS Category
 Step 4: Select the TDS Category, then open and change the tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.

You can set up the different TDS rates for resident and non resident parties in the TDS category.
 Step 1: Click on administration
 Step 2: Then Masters
 Step 3: Then TDS Category
 Step 4: Select the TDS Category, then open and mention the tds rate for the payee category in the tds with PAN and TDS without PAN column and save it.

If you have done the changes in the TCS bill sundry, Then pls follow the below steps.
 Step 1: When changes has been done then you need to enter in again the voucher. From F9 remove the bill sundry and add it again in the voucher.
 Step 2: For updating in bulk then after backup run dual voucher process from housekeeping.

If some commission income entries are not showing any TDS deduction then check the below steps.
 Step 1: Make sure you have enable the TDS feature in the party master.
 Step 2: You have properly set the applicable limit for TDS in the party master.
 Step 3: You should have to select the correct TDS account in the TDS bill sundry.

To create the seperate ledger for TCS on sales and TCS on scrap from below steps.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Then Add
 Step 5: Mention the account name TCS on sales and TCS on scrap and mention the correct TCS account group as Duties and Taxes with TCS tax type.

You can adjust the TDS reference during the payment voucher.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Payment
 Step 3: Then Add 
 Here DEBIT the TDS acccount and CREDIT the bank account. When you save the voucher tds reference adjustment window will get open, Then select the quarter and adjust the tds reference.