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TCS in Tally.ERP 9 - Part 52 Video Lecture | Tally ERP 9: Complete Training - Software Development

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FAQs on TCS in Tally.ERP 9 - Part 52 Video Lecture - Tally ERP 9: Complete Training - Software Development

1. What is TCS in Tally.ERP 9?
Ans. TCS (Tax Collected at Source) is a tax levied by the Indian government on certain specified transactions. In Tally.ERP 9, TCS can be managed and recorded using the TCS feature, which allows businesses to easily calculate, collect, and remit the tax amount.
2. How can I enable the TCS feature in Tally.ERP 9?
Ans. To enable the TCS feature in Tally.ERP 9, you need to go to the company's F11: Features settings. Under the Statutory & Taxation section, enable the option "Enable Tax Collected at Source (TCS)." Once enabled, you can set up the required TCS ledgers and rates to start recording TCS transactions.
3. Can I customize the TCS rates in Tally.ERP 9?
Ans. Yes, you can customize the TCS rates in Tally.ERP 9 based on the applicable government regulations. To do this, go to the TCS ledgers list and select the required ledger. In the Ledger Creation screen, you can modify the rate of TCS as per your business requirements.
4. How can I generate TCS reports in Tally.ERP 9?
Ans. To generate TCS reports in Tally.ERP 9, go to the Gateway of Tally and select "Display." Under the "Statutory Reports" section, choose "TCS Reports." From here, you can access various TCS reports such as TCS Challan Reconciliation, TCS Payment Reconciliation, and TCS Summary.
5. Is it possible to file TCS returns directly from Tally.ERP 9?
Ans. Yes, Tally.ERP 9 provides the option to file TCS returns directly from the software. Once you have generated the TCS Return Form 27EQ, you can export it in the required format and submit it to the government portal for filing. This eliminates the need for manual data entry and simplifies the return filing process.
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