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TDS Reports

TDS Reports​

TDS Reports in your ERP application provide a complete overview of all Tax Deducted at Source (TDS) transactions recorded in the system, helping businesses comply with statutory requirements and maintain accurate tax records.

This report consolidates details of all TDS deductions made on payments such as salaries, vendor bills, professional fees, rent, or other applicable transactions. It allows users to filter and view TDS data based on parameters like financial year, period, vendor/customer, section code, and TDS rate.

Key features of the TDS Reports include​

  • Deductor & Deductee Details – Name, PAN, and contact information of the party involved.

  • Transaction Details – Invoice number, date, nature of payment, section code, and applicable TDS rate.

  • TDS Amount – Exact amount deducted for each transaction.

  • Challan & Payment Status – Tracks whether deducted TDS has been deposited with the government and challan numbers.

  • Period-wise Summary – Monthly/quarterly/yearly summary of deductions and payments.

  • Compliance Support – Helps in preparing quarterly TDS returns (Form 24Q, 26Q, etc.).

Purpose​

The TDS Reports ensure transparency, prevent non-compliance penalties, and simplify the TDS return filing process by providing both summary and detailed views for easy reconciliation with government filings.