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TDS and TCS

TDS That Knows Which Act a Payment Falls Under

Deductions are created from bills and payments as they are posted, mapped to sections under the 1961 Act or nature codes under the 2025 Act by the payment date. Challans, returns and certificates follow from the register.

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TDS returns · Q2 FY 2026-27both Acts

  • Tejas Pharma26QChallans matched
  • Nakshatra Foods24QSalary file pending
  • Kaveri Looms26QFiled · token stored
  • Marina Logistics27QIn review

Sections come from the rule pack for the payment date, under the 1961 or the 2025 Act.

01

01 · What it does

TDS, Line by Line

What each part does, and which plans include it. Plan lines come from the same entitlement registry the product enforces.

  • 01

    Deduction register from the books

    Every bill and payment that attracts TDS lands in the register with its section or nature code.

    All plans

  • 02

    Both Acts, by payment date

    Sections come from the rule pack in force on the payment date, so the change of Act needs no rework.

    All plans

  • 03

    Thresholds per deductee

    Running totals per deductee and nature, so deduction starts when it should.

    All plans

  • 04

    Challans, interest and late fee

    Worked out from the rule tables and tied to the deductions they pay for.

    All plans

  • 05

    Quarterly returns

    Returns prepared from the register and validated into an FVU-ready file.

    All plans

  • 06

    Certificates

    Generate or import Form 16 and 16A and their 2025 Act equivalents.

    Professional and up

  • 07

    MSME payment tracker

    Payments to micro and small enterprises tracked against the time allowed, with the disallowance shown.

    Professional and up

  • 08

    Non-resident payments

    Deductions on payments to non-residents with the treaty details recorded.

    Professional and up

02

02 · How it runs

A Quarter Without the Scramble

The register fills itself through the quarter, so preparing the return means reviewing what is already there.

  1. 1

    Bills and payments posted

    Deductions are suggested on the voucher with the section and the deductee.

    Article

  2. 2

    Challans paid and matched

    Each challan is tied to the deductions it covers, with interest if any.

    Manager

  3. 3

    Return validated

    The quarterly return is built from the register and validated before upload.

    Manager

  4. 4

    Certificates issued

    Certificates go to deductees through the portal or email.

    Partner

03

03 · Where Veda helps

Veda Reads the Bill Before the TDS Is Missed

The Extraction agent reads each bill, fills the voucher and flags the deduction it expects, for a person to confirm.

  • Section or nature code suggested from the vendor and the service
  • Every suggestion shows the line of the bill it came from
  • Nothing posts until an article or manager approves it
  • Veda proposes. A person with the right role approves.
Proposed by Veda · Extraction agent

Post purchase bill SGY/2026/1184

Kaveri Looms Pvt Ltd · 98% field confidence

  1. 1Vendor GSTIN 27AABCS4417P1ZZ matches Shree Ganesh Yarns in the vendor master.
  2. 2Same state as Kaveri Looms (27), so the tax splits into CGST and SGST.
  3. 3Yarn bills from this vendor have gone to Raw material purchases for 14 months.
Proposed journal
AccountDrCr
Raw material purchases₹1,11,250.00
Input CGST₹6,675.00
Input SGST₹6,675.00
Shree Ganesh Yarns₹1,24,600.00
ApproveEditRejectSneha Kulkarni (Article) prepares · Rohan Mehta approves
04

04 · Forms and neighbours

Covered Forms, and What It Works With

The forms and records this module prepares, and the modules it shares data with.

  • 24Q
  • 26Q
  • 27Q
  • 27EQ
  • Challan
  • Form 16
  • Form 16A
  • FVU

Questions

TDS Questions

Ask anything else in the demo, with the product open.

  • How does OneTrails handle the new Income-tax Act?

    Sections and nature codes live in versioned rule packs keyed by date. A payment before the change uses the 1961 Act; a payment after it uses the 2025 Act, in the same register.

  • Can we import deductions from our old software?

    Yes. Import deductee masters and past deductions from Excel, or from Tally with Professional and above, and the register continues from there.

  • Is TCS covered?

    Yes. Collections are tracked alongside deductions and appear in their own return.

TDS in a demo

See TDS With Your Own Clients.

We set up a demo workspace with work like yours and walk through a real month, approvals included.

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