AppsComp Widgets Pvt Ltd Accounting Apps 4 Apps found. author: Appscomp widgets pvt ltd × category: Accounting ×

TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are key components of the Indian taxation system. TDS involves deducting tax at the source of income, applicable to various earnings like salaries, interest, and payments to contractors. On the other hand, TCS requires sellers to collect a percentage of the sales value as tax from buyers at the time of sale. Both mechanisms are designed to ensure efficient tax collection and prevent tax evasion in India.

GSTR-1: A monthly/quarterly return that reports all sales made by a taxpayer, due on the 11th of the next month or quarter-end.GSTR-3B: A summary return to declare total sales, ITC, and tax liabilities, filed monthly by the 20th.

It is a standard banking practice in some countries to request post-dated checksfor the retail Loan repayments. Optimize your financial management with OdooPost Dated Cheque Management.

The "Customer Credit Limit with Approval Process" feature enables users to set credit limits for customers. When creating an invoice, the system displays the credit limit, and if the invoice amount exceeds it, a validation popup appears. The user can only proceed with the invoice after obtaining the necessary approval, ensuring effective control over customer credit.