A vendor asks for his certificate, and nobody can say what was deducted in July.
TDS management applies the deduction your CA has decided for each vendor or expense head when the bill is passed, and keeps the record behind it. What is payable this month, which challan covered which deductions, and what each vendor was deducted in a quarter are all answerable from one screen. Depositing and filing remain your responsibility, with your CA.
Deduction is usually remembered at payment time, or not at all. The rent goes out in full one month. The contractor is deducted at a rate somebody half recalls. In January a vendor asks for a certificate he should have had in October, and the accountant rebuilds a whole quarter from the bank statement.
Here the deduction is part of passing the bill. The rule sits against the vendor or the expense head, put there by your CA, and it is applied the same way every time. What is payable builds up as a list, month by month, with the bills behind each figure.
What tds management does.
Rules your CA sets
The section and rate for contract work, professional fees, rent or commission are configured once, on the vendor or the head of expense.
Deducted when the bill is passed
The net payable is worked out on the bill itself. The payment that goes out is already correct.
PAN on the vendor record
A vendor with no PAN is flagged before payment. The rules treat that differently, and the difference is expensive.
Challans against deductions
Challan number, date and amount recorded against the deductions they covered. Nothing is deposited twice or left out.
Quarter-wise working for the return
Vendor, PAN, section, amount paid and tax deducted, assembled as a file your CA takes into his filing software.
Tax deducted by your customers
What a client withholds on your own bill is recorded against that invoice, so it is not chased for months as an unpaid balance.
The people who open this every day.
Accounts assistant
Passes bills net of deduction and keeps the monthly list clean.
Your CA
Takes the quarterly working, files the return, and brings back the certificates.
Owner
Sees what has to be deposited before the date. Interest on a late deposit is the most avoidable cost there is.
It is one part of a system, not an island.
A module earns its place by what it passes to the next one. These are the connections we set up most often.
- Expense tracking
- Vendor management
- Invoice management
- Your CA’s filing software
- Tally
How we would put it in.
Questions owners ask about tds management.
Does it file the TDS return for us?
No. It assembles the quarter as a working, with vendors, PANs, sections and amounts. Depositing the tax and filing the return stay with you and your CA, and so does the correctness of both.
Will it decide the rate for a new vendor?
It will not. Which section applies to a payment is a judgement, and it belongs to your CA. Once he decides, the module applies it to every bill for that vendor without anyone thinking about it again.
Where do the certificates come from?
From the tax department’s own system, after the return is filed. Your CA downloads them. The module tracks who has asked and who has been given one, so the January phone calls stop.
Our CA does all of this from Tally already. Should we bother?
If your bills are passed in Tally, no. This is for businesses passing bills in an operations system, where the deduction is otherwise remembered at payment time. We are in Nagarbhavi, Bengaluru, and we would rather your CA kept this.
Businesses that ask for this.
Modules that work with it.
Tell us how you handle tds management today.
A spreadsheet, a register or another system: say which, and we will tell you plainly what is worth changing.
- No obligation
- We reply the same working day
- Your details stay private