Just a doubt. If my turnover is less than 10 crore, but I have parties from whom my company purchases above 50 lakhs and the seller is not charging TCS, should we deduct TDS in that case ?
Mujhe Yakeen Hai Tally Kabhi Bhi Taxation ki Requirement Puri Nahi Kar Sakta Aadha Adhura Video Banaakar Logo ko Dhokha De Deta Hai, Jaise isi Video Me Purchase Par to TDS Kaat Liya Lekin Ek Transuction Advance Payment Karke TDS Kaat Kar Dikhaate or Usko Purchase Se Adjust Karke Puri Sahi TDS Return Banaa Kar Dikhate. - Challenge
What about TCS on sales 6CR,can it be configured in tally?
I AM NOT GETTING THIS OPTION CALCULATE TAX AFTER THRESHOLD LIMIT
Upgrade to Release 5.0, for this option
Just a doubt. If my turnover is less than 10 crore, but I have parties from whom my company purchases above 50 lakhs and the seller is not charging TCS, should we deduct TDS in that case ?
If the Party has Turnover more than 10 Cr in any preceding year. Then the party will deduct TCS. Here you'll not be liable to deduct the TDS.
Mujhe Yakeen Hai Tally Kabhi Bhi Taxation ki Requirement Puri Nahi Kar Sakta Aadha Adhura Video Banaakar Logo ko Dhokha De Deta Hai, Jaise isi Video Me Purchase Par to TDS Kaat Liya Lekin Ek Transuction Advance Payment Karke TDS Kaat Kar Dikhaate or Usko Purchase Se Adjust Karke Puri Sahi TDS Return Banaa Kar Dikhate. - Challenge
You may refer this article for the process of TDS on advance payments help.tallysolutions.com/tally-prime/india-tds/tds-transactions-tally/.
As per section 194Q Tds deduct on total value not taxable value