How to Record TDS Under Section 194Q on Purchase in TallyPrime | TallyHelp

Applicable to Release 5.0 and later.

This video demonstrates the process of managing TDS deductions on purchases under Section 194Q in TallyPrime Release 5.0.

At the time of creating a TDS Nature of Payment, you can enter the threshold limit and configure to deduct TDS as per the limit.

Whether you're a business owner or an accounting professional, mastering these techniques will streamline your TDS processes.

Watch the video to automate your TDS transactions under Section 194Q in TallyPrime.

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[lovearora]

As per section 194Q Tds deduct on total value not taxable value

[asjadrazarafik]

What about TCS on sales 6CR, can it be configured in tally?

[PraveenMsps]

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 ?

[ankitdaruka]

I AM NOT GETTING THIS OPTION CALCULATE TAX AFTER THRESHOLD LIMIT

[mohdhaiderzaidi]

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