2.

Major Enhancements
Some of the major functionality changes in Tally.ERP 9 include,

 TDS Compliance
 Data Synchronization
 Size and Performance
 FBT

2.1 Tax Deducted at Source (TDS)

The TDS feature in Tally.ERP 9 has been revamped to handle all the functional, accounting and
statutory requirements of your business in an accurate and simplified manner. The new/enhanced
TDS features are:

 Option provided to the user to deduct the TDS at the time booking the Expense itself.
  The user can deduct the TDS in a single Voucher at the end of the month for all TDS
related Expenses/ Advance Payments booked during a particular month.
 Provides an option to have a single Expense Ledger for multiple Nature of Payments. This
will reduce the need to create Nature of Payments wise separate Ledgers.
   The user can have a single TDS Duty Ledger for multiple Nature of Payments. This will
reduce the need to create multiple Duty Ledgers.
   Both TDS related and non-TDS related Expenses can be booked in a single Voucher. You
can also deduct the TDS at the time of Voucher entry or later.
 Handling TDS for Non-Residents (Sec.195) Payments
  Tally.ERP 9 handles TDS deductions where payment to the contractor or the sub-
contractor exceeds Rs.20, 000 in a single payment or Rs. 50,000 in aggregate during a
financial year as prescribed under section 194C
   Surcharge Retrospective Calculation – Once the Surcharge Exemption Limit exceeds
for a particular Nature of Payment for a Particular Vendor, the Surcharge will be calculated
for the previous payments also.
   Facility
to Print (Hard Copy) and Export Form 26, 26Q & related Annexures, Form
27, 27Q & related Annexures and Form 16A
  Provides the option to configure the Lower / Zero rate, Ignore IT / Surcharge
Exemption Limit in the Party Creation screen. This will facilitate faster data entry as the
user need not remember the party TDS details at the time of Voucher entry.
TDS related Reports in Tally.ERP 9:
 TDS Computation Report - This report will help the user to manage the TDS deductions.
 TDS Challan (ITNS 281) printing – Monthly challan based on the TDS sections.
 TDS Outstanding Reports – Displays the details of the TDS Outstanding for the selected
period. This can be filtered based on:
1. TDS Payable
2. Nature of Payment wise
3. Party wise

Tally.ERP 9 Release Notes

©Tally Solutions Pvt. Ltd. 163