Course Overview
Course language :
English
Course Created By :
Tally Education
TDS (Tax Deducted at Source) & Tax Collected at Source (TCS) course is designed to provide working professionals and students with a comprehensive understanding of TDS. The course covers the entire process, from deducting TDS during expense booking to remitting the deducted amount to the government. Learn how to record various TDS transactions across different business scenarios, including zero-rate, lower-rate, higher-rate, exempted transactions, work contracts, and configurations for different levels.
Special focus is given to TDS deduction for non-residents, booking expenses with delayed TDS deduction, and more. Additionally, the course demonstrates how TDS transactions seamlessly reflect in the appropriate sections of Forms 26Q and 27Q, enabling accurate and efficient e-filing.
Features
Blended Learning Module
The blended learning module combines text-based materials with interactive video content, providing a comprehensive learning experience.
Interactive Learning Materials
Interactive learning materials includes a variety of resources such as explainer videos, tutorial videos, quizzes, and infographics, ensuring an engaging and effective learning journey.
Add-on Features
Grading and Assessment
Grading and assessment consist of various question types including multiple choice questions (MCQs), true or false, match the following, and image-based questions.
Verifiable Certificate
The course is designed in accordance with industry-preferred curriculum standards, known as competency frameworks. Upon completion, learners receive a digital certificate verified by Tally.
What You Will Learn
1.1 Learning Objectives
1.2 Introduction & Basic Concepts of TCS
1.3 TCS in Tally
1.4 Recording TCS Compliant Transactions
- 1.4.1 Sale of TCS Goods on Accrual Basis
- 1.4.1.1 Purchase of TCS Goods – Fixed Assets
- 1.4.1.2 Sale of TCS Goods on Accrual Basis
- 1.4.2 Sale of TCS Goods at Lower Rate/Nil Rate
- 1.4.3 Sale of TCS Goods at Higher Tax Rate (Under Section 206CCA)
- 1.4.4 Accounting TCS Exemption for Buyers Deducting TDS
- 1.4.5 TCS on Transfer of Right to Use
- 1.4.6 Accounting for TCS on Advance Receipts and Adjusting Advances towards Bill
1.5 TCS Payment to Department
- 1.5.1 Payment of Tax to the Income Tax Department and Generating TCS Challan
- 1.5.2 Interest Payment to Income Tax Department on Delayed TCS Tax Payment
1.6 TCS Reports
1.7 E-Return
1.8 Maintaining Books of Accounts as a Collectee
1.9 Conclusion
1.10 e-Quiz
2.1 Introduction
2.2 Activation of TDS in TallyPrime
2.3 Recording TDS Compliant Transactions
- 2.3.1 Booking of Expenses & deducting TDS in the Journal Voucher
- 2.3.2 TDS Transaction for Purchase of Software
- 2.3.3 TDS on Sales Commission and Deducting TDS
- 2.3.4 Accounting TDS on Capital Expenditure
- 2.3.5 Accounting for TDS on Advance Payments and Adjusting Advances towards Bill
- 2.3.6 Purchase Escalation after Recording TDS Transaction
- 2.3.7 Reversal/Cancellation of Expenses with TDS
- 2.3.8 TDS on Works Contract attracting GST
- 2.3.9 TDS on Payments to Non-Residents (DTAA)
- 2.3.10 TDS on Income from Foreign Currency, Bonds or Shares of India Company
- 2.3.11 Accounting Direct Payment and deducting TDS
- 2.3.12 Accounting Multiple Expenses and Deducting TDS later
- 2.3.13 TDS on Reimbursement of Expenses (Pure Agent)
2.4 TDS Payment to Department
- 2.4.1 TDS Outstanding
- 2.4.2 Payment of Tax to the Income Tax Department
- 2.4.3 Generating TDS Challan (ITNS 281)
- 2.4.4 Interest Payment to Income Tax Department on Delayed Tax Payment
2.5 TDS Report
- 2.5.1 Challan Reconciliation
- 2.5.2 Form 26Q
- 2.5.3 Form 27Q
2.6 E-Return
- 2.6.1 Form 26Q
- 2.6.2 Form 27Q
- 2.6.3 TRACES Portal
2.7 Maintaining Books of Accounts as a Deductee
Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises
Learning Journey
Shareable Certificate
Frequently Asked Questions (FAQs)
This course is highly recommended for working professionals and students who aspire to build a successful career in Finance, and Taxation or as an entrepreneur. To get enrolled for this course, one must have completed their Graduation.
To enroll in this course, you must be a working professional and have completed your graduation in any stream. The course is designed in the best and simplest way possible, aligned with the all-new Tally Prime software.
This certification program covers topics on TDS and TCS. The content is aligned with current statutory requirements, making it highly preferred in the industry.
You can enroll in the course directly through our website. Once on the course page you can click on “Buy Now”. Fill in the necessary details and proceed for making the payment. Once payment is done successfully, you will receive the payment confirmation and credentials to access the digital course content on your registered email id.
Debit Card/Credit Card/UPI Payments/Net Banking/ Payment Wallets are accepted.
The assessment is necessary to complete the course and attain the certificate which will help your career growth and enable you to showcase your key skills.
After successfully completing the course and meeting the stated assessment requirements, you will receive a digital certificate that can be verified on the Tally Education website.
For any issues or queries, you can contact our support team via email at content.support@tallysolutions.com.
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