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  1. APPS
  2. Accounting
  3. TCS & TDS in Indian Taxation System v 16.0
  4. Sales Conditions FAQ

TCS & TDS in Indian Taxation System

by AppsComp Widgets Pvt Ltd http://www.appscomp.com
Odoo

$ 66.98

v 16.0 Third Party 10
Apps purchases are linked to your Odoo account, please sign in or sign up first.
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 477
Technical Name tcs_accounting
LicenseLGPL-3
Websitehttp://www.appscomp.com
Versions 15.0 16.0 17.0 18.0 19.0
You bought this module and need support? Click here!
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 477
Technical Name tcs_accounting
LicenseLGPL-3
Websitehttp://www.appscomp.com
Versions 15.0 16.0 17.0 18.0 19.0

TCS & TDS Payments

This module is designed specifically for Indian registered companies to effectively handle the Tax Deducted at Source (TDS) feature in vendor bills and the Tax Collected at Source (TCS) feature in customer invoices.With its user-friendly interface, it seamlessly integrates TDS and TCS entries into the General Ledger (G/L) account,providing comprehensive reports necessary for efficient TDS and TCS filing.

TCS & TDS Payments


Most Advanced Accounting Software

TCS and TDS in Indian Taxation System Key Features


Preloaded TDS sections with details about nature of payment and deduction percentages.

Deduct TDS against the Vendor Bill depending on TDS applicability.

Post TDS entries to the defined G/L account.

Set TDS applicability in the Vendor record.

Preloaded TCS with details about nature of payment and deduction percentages in Customer master.

Deduct TCS against the Customer Invoice depending on TCS applicability.

Post TCS entries to the defined G/L account.

Set TCS applicability in the Customer Master.

TCS and TDS in Indian Taxation System Screenshots


Configure TCS and TDS accounts in Accounting module settings

Set TCS applicability in the Customer Master and set the percentage.

Now, observe the application and computation of TCS as depicted in the screenshot.

Upon confirming the invoice with the customer, the TCS amount is recorded in the journal.

TDS section Configuration.

Configure TDS by creating the necessary sections for each payment.

Set TDS applicability in the Contact Master and set the percentage.

Now, observe the application and computation of TDS as depicted in the screenshot.

Upon confirming the invoice with the customer, the TDS amount is recorded in the journal.



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Got questions or need help? Get in touch.

hello@appscomp.com

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