Overview

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This course provides a practical, end-to-end understanding of managing Tax Deducted at Source (TDS) in TallyPrime for Indian businesses. You will first explore the overall TDS workflow stages—from setup to reporting and deductee accounting—so you can see how each action in TallyPrime links to statutory compliance requirements. You’ll then configure a company in TallyPrime to activate TDS, set up masters correctly, and ensure that statutory processing and reporting are accurate from the start. Next, the course walks through recording TDS on routine expense and payment transactions using the appropriate voucher workflows. You will learn how to apply correct TDS treatment to specific categories such as software purchases, sales commission, capital expenditure, and advance payments, including how to adjust subsequent bills to avoid duplicate deduction. You will practice handling exceptional TDS scenarios such as reversals, reimbursements, purchase escalation, GST-linked works contracts, and non-resident or foreign income transactions. Finally, you will interpret and use the TDS Outstanding report, process payments and generate challans, record interest on delayed payments, reconcile challan details for accurate returns, generate e-return outputs (Form 26Q and 27Q), and maintain books as a deductee to reflect net receipts and TDS credit. By the end of the course, you will be able to summarize and execute the complete TDS workflow in TallyPrime with confidence.

Syllabus

TDS Setup in TallyPrime
- In this module, you'll learn the fundamentals of Tax Deducted at Source (TDS) and configure TDS in TallyPrime for statutory compliance. You'll begin by understanding the course objectives and then activate TDS for a company, providing the foundation for recording TDS-compliant transactions, managing liabilities, and preparing statutory reports and returns.
Recording Common TDS Transactions
- In this module, you'll develop practical skills to record TDS for common business transactions in TallyPrime. We'll cover expense booking, software purchases, sales commissions, capital expenditure, advance payments, purchase escalations, and transaction reversals. Accurate TDS recording helps ensure statutory compliance, maintains correct vendor balances, and supports reliable accounting records.
Recording Advance TDS Transaction Scenarios
- In this module, you'll learn to account for TDS in specialised business scenarios using TallyPrime. We'll cover works contracts attracting GST, payments to non-residents under DTAA, income from foreign currency, bonds or shares of an Indian company, direct payments, multiple-expense scenarios, and reimbursement of expenses under the Pure Agent concept. These scenarios help you apply TDS correctly across diverse business transactions while ensuring statutory compliance.
Managing TDS Payments and Reporting
- This module focuses on managing TDS after deduction: monitoring liabilities, making payments, and maintaining accurate reports. You'll learn to review outstanding TDS, generate challans, account for delayed payment interest, reconcile challan details, and understand the differences between Form 26Q and Form 27Q. These tasks ensure complete and auditable compliance.
TDS Returns and Deductee Accounting in TallyPrime
- In this module, you'll complete the TDS compliance cycle by generating e-returns, maintaining books of accounts as a deductee, and reviewing the end-to-end TDS workflow in TallyPrime. These activities help ensure accurate tax credit reporting and statutory compliance.