Tax Collected at Source (TCS)

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TCS is the collection of tax at source by the seller (collector) from the buyer
(collectee/payee) under section 206C of the Indian Income Tax Act, 1961.

Tally.ERP 9 has full coverage of the statutory and reporting requirements for TCS:
• Recording transactions related to TCS
• Statutory returns such as Form 27D and 27B
• For E-filing e-TCS Forms (Form 27E, Form 27EQ)
• TCS Challans with Tax Payer Counterfoil
• Reconcile Challans with the TCS payment ledger

Tax Deducted at Source (TDS)

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The Tax Deduction at Source (TDS) features of Tally.ERP 9 delivers a phenomenal

experience and great capabilities:

You can:
• Deduct TDS at the same time, while booking expenses
• Deduct TDS in a single voucher at the end of the month for all TDS related Payments/
Expenses booked
• While making a payment to one expense head (ledger) the amount can be split to more
than one nature of payment (including part payment exempt from TDS)
• Record both TDS related and non-TDS related payments in a single Voucher
• Manage TDS for Non-Residents (Sec.195) payments
• Reverse TDS deducted
• Manage retrospective TDS surcharge calculation once the surcharge limits are crossed
• Manage exceptions - Lower or zero rated TDS, ignore IT & surcharge exemption limits
for
specific parties
• Use the option to create a single TDS duty ledger to deduct TDS for all nature of
payments
• Excel export forms 26, 26Q, 27, 27Q and 16A

These reports are available:

• Computation report to better mange TDS deductions
• TNS 281 -TDS Challan
• TDS Outstanding
• TDS Exception Reports – for example TDS parties not having PAN details
• Form 16A
• Form 26 & related Annexure
• Form 26Q & related Annexure
• Form 27 & related Annexure
• Form 27Q & related Annexure
• e-TDS
• Form 27A

Excise for Dealers

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Dealers who either import or purchase goods and need to pass on the excise credit to
another such dealer or a manufacturer can use this feature for unprecedented ease of use.

You can manage excise credit, supplier details (first & second stage) and print Form 11
invoices. All necessary statutory reports are available.

Dealers excise is fully integrated with Excise of Manufacturers for those who trade as
well as manufacture.

More details are available on the Excise for Manufacturer page.

The Tally.ERP 9 excise support allows you to maintain required central excise records
for multiple excise units of Dealers & Manufactures in a single company.

Ad valorem, Ad Quantum & MRP based Valuation methods for Excise duty calculation
are fully supported, including for exempt & special rates.

Expenses / income can be apportioned for calculation of assessable value either by Value
or by Quantity.

A single Excise invoice book can be maintained for all purposes of removals as per rule
11 requirement and an option is provided to maintain multiple Excise invoice books as
well - the serial numbers of which can be generated as a single running series.

CEVAT credit during purchase entry can be avail fully or partially with the balance credit
taken in a separate entry.

Service tax & CENVAT input credit can be utilised towards Excise duty payable.

These Excise Manufacturing Reports are available:

• Personal Ledger Account (PLA)
• ER1 - Monthly Return
• GAR 7
• Record of CENVAT Credit Allowable on Capital Goods (RG23 C Part II)
• Records of CENVAT Credit Allowable on Inputs (RG23 A PartII)
• Rule 11 Invoice
• Daily Stock Account (RG 1 Register)
• Sales Register