Post on TDS TCS 26AS | Puneet Gupta |Mayuri Gupta | Seminar Dt 26-6-2021

Post on TDS TCS 26AS | Puneet Gupta |Mayuri Gupta | Seminar Dt 26-6-2021

Post on TDS TCS 26AS | Puneet Gupta |Mayuri Gupta | Seminar Dt 26-6-2021

TDS TCS 26AS Puneet Gupta Mayuri Gupta ! Seminar Dt 26-6-2021

Managing the Compliance of Section 194Q  of Income Tax ACT

Using Finsys ERP

Presented by

Mr Puneet Kr Gupta  CA

Ms Mayuri Gupta CS


  • (1) Brand New TDS 194Q Menu in Finsys ERP.
  • (2) How to Bulk Upload TDS Rates of Parties.
  • (3) How to Bulk Upload TCS Flag for stopping TCS application and messages.
  • (4) How to manage TDS deducted by Customers – in receipt entry
  • (5) How to Manage TDS applicable on Suppliers in purchase entry
  • (6) New controls created in Finsys ERP for efficient management
  • (7) How to configure party master for automated messages
  • (8) Reports to Manage the 194 Q TDS compliance
  • 5. Did you know that TDS Rates of some vendors will be Doubled— u/s 206CCA & 206AB of Income Tax Act. ??? When and when not ? How to know where single rate, where double rate ?


  • Options given in Party Master
  • 1) TDS applicable on Sales Customer or not ?
  • 2) Separate Control for TDS % on purchase
  • 3) Separate Control for TDS % on service
  • 4) Separate Control for TDS A/c on service
  • Options given in Control Panel
  • 5) Separate Control for TDS A/c on Purchase ( A98)
  • 5) Separate Control for TDS A/c on Sales ( A99)
  • 5) Separate Control for TDS % on Sales ( A99A)

The new report show , all the compliance related columns of master in 1 report to save your time