TDS Payments

TDS (Tax Deducted at Source) is a percentage of income withheld by the payer and directly remitted to the government on the individual’s behalf. With this module, you can easily view all TDS liabilities and associate them with the relevant challans.

TDS Liabilities

In this section, you can view all TDS liability details and record payments for them.

Enable TDS Liabilities

Before generating the TDS liabilities, you need to enable the feature. Here’s how:

• Go to Settings.
• Navigate to Taxes and Compliance and select Direct Taxes.
• Under Income TDS Settings, check the Enable TDS Report Generation option.
• Select the month from which you want to generate the TDS liabilities in the Generate From field.
• Click Save.

View TDS Liabilities

After enabling the feature, the TDS liabilities will be generated starting from the month you selected. To view the TDS liabilities:

• Go to TDS on the left sidebar and select Liabilities.
• The TDS liabilities will be listed starting from the month you selected. Select a liability to view all the transactions from which TDS was deducted for that month.

Record Challan

If you’ve paid the TDS to the authorities for a liability, you can record it as a challan in Zoho Books. Here’s how:

• Go to TDS on the left sidebar and select Liabilities.
• Select a liability.
• Click Record Challan in the top right.
• Enter the Amount.
• Click + Add Interest if you have failed to deduct TDS for this liability, or if you have not paid the full or partial tax to the government after deduction.
• Click + Add Penalties for any delay in TDS Return filing.
• Enter the Challan Number, BSR Code (Branch Code) of the challan and select the Payment Date.
• Select the Paid Through account.
• Select Auto Allocate Payment to automatically associate the payment amount from this challan with all the listed TDS liabilities for the selected month.

• Click Save.

Associate Challan

You can associate unused challans with a liability. These are challans with amounts that have not been fully allocated. Here’s how:

• Go to TDS on the left sidebar and select Liabilities.
• Select a liability.
• Select the transactions that you want to associate with the liability.
• Click Associate Challan in the top right corner.
• The unused challans will be listed in the pop-up that appears. Click Associate next to a challan to associate it with the selected liabilities.

View Challans

To view all the challans that you created:

• Go to TDS on the left sidebar and select Challans.

You can view all the challans here. You can also record challans by clicking Record Challan.