Tax deducted at Source is an add-on for Sage 300c ERP enabling organizations to maintain complex requirements on Tax Deducted at Source and generates reports and forms required by the Central Government. New Stuff : Error: DLL AccpacGD1003ENG.dll specified in section [GD1003] is not valid Section 197 of the Income Tax Act, 1961 provides for… Read More »
As per new GOI notification, a new TDS section ‘194Q’ has been introduced which states that the buyer/s having turnover exceeding INR 10 crores in the immediate preceding financial year will require to deduct TDS of 0.1% of the purchase value above INR 50 lakhs at the time of payment or credit. New Stuff: Sage… Read More »
As we all know that Tax deducted at Source (TDS) is an Addon module for collecting income tax and it is one of the most important add-on developed for Sage 300 ERP. TDS module calculates TDS amount on the required documents and deducts the TDS automatically when the posting of the Invoices and Payments is… Read More »
Withholding taxes are part of day to day transactions that are carried out in organizations. It is basically an income tax that an employer pays directly to the government. The deduction takes place directly from the earnings of an employee by the employer which makes the tax a liability for an individual that is paid… Read More »
We have seen the various blogs on our Add-on Tax deduction Source for Sage 300 ERP. Like how to configure TDS and working of TDS module. In our todays blog we will see about how you can get Deduction and Remittance Report on posting Date. This can be used to search for the available deductions… Read More »
Tax deducted at Source (TDS) is one of the modes for collecting income tax from assesses. Such collection of tax is deducted at the source itself when income arises. Tax deducted at Source (TDS) is one of the most important add-on that we have developed for Sage 300 for the Indian market. Using this module… Read More »
In our previous post we had learnt about recurring payables in Account payable and how to create it in Sage 300. Recurring payables entry is where the user needs to raise an invoice for a particular service after every month or specific time like Rent paid. If the vendor is TDS payable then Greytrix-TDS add-on… Read More »
Tax Deducted at Source is an add-on for Sage 300 ERP and it is one of the ways to collect income tax. The TDS add-on provides various transactions, reports and forms. In this blog we will discuss about deduction and remittance report which is very useful during the auditing. This report, gives the deduction and… Read More »
We are all familiar with TDS procedure but when we deal with TDS e-return we should know the different types of forms and their uses. In TDS for Sage 300 ERP, we are providing the below mentioned forms: 1. Form 26Q 2. Form 27Q 3. Form 16A 4. Form 17 5. Form 16 Covering letter… Read More »
Tax always has been a very vital component when it comes to executing a business. When tax components are involved into a financial transaction, not only the customers and vendors are influenced but also, the legal entities too have a governing interest towards the details of the taxes included. The entire repository related to taxes… Read More »