Home/TDS & statutory
- Section masters
- Threshold tracking
- Deduction register
- Form 16A data
- Audit trail
Withholding and governance
Deduction at source, not reconstruction at year end
TDS applied when the invoice is entered or the payment is made, against the section and rate held on the ledger — so the quarterly return is a report, not a project.
TDS
Where the transaction happens
Section masters carry the applicable rates, and ledgers carry their TDS applicability. When a purchase invoice or payment voucher is entered, the deduction is computed and posted at that moment.
Annual thresholds are tracked per deductee, so the point at which deduction begins is determined by the system rather than remembered by a person. The deduction register builds continuously, and the data required for Form 26Q and 27Q comes out of it. Form 16A information is available per deductee and period.
Deduction is supported on purchase invoices, on payment vouchers and on journal entries where applicable, because in practice it arises in all three.
Also handled
Adjacent statutory requirements
TCS on sales
Collection at source under section 206C(1H) is supported where applicable to your turnover and customer profile, with the same threshold tracking and register treatment as TDS.
MSME payment visibility
Vendors flagged as micro or small enterprises are tracked against the payment window applicable to them, with ageing that shows which invoices are approaching or past it.
Period control
Accounting periods lock, and reopening one is a controlled action with a reason recorded against it.
Audit trail
The history your auditor asks about
Every business record carries its own history: who created it, who changed it, what the value was before and after, who approved it and when, and who cancelled it.
This is not a system log that only an administrator can read. It is visible against the record itself, retained, and exportable — which is what makes it useful when the question is asked twelve months later.
Reporting
Statutory reporting from the same ledger
| Report | What it gives you |
|---|---|
| Trial balance | With drill-down to the underlying voucher |
| Profit and loss | Schedule III grouping, comparative periods |
| Balance sheet | Schedule III grouping, with drill-down |
| Party ledgers | Statements and confirmations, by party and period |
| Journal register | Full GL transaction listing and annual expense breakdown |
| Tax reports | On accrual or cash basis, as required |
Questions
What finance teams ask
When is TDS deducted — on invoice or on payment?
Both are supported. Deduction can be applied at the purchase invoice, at the payment voucher, or on a journal entry where applicable, because in practice it arises in all three.
Does the system track annual thresholds per deductee?
Yes. The point at which deduction begins is determined by the system against the cumulative position for that deductee, rather than remembered by a person.
Can we produce 26Q and 27Q data?
The deduction register holds the data required for quarterly returns, and Form 16A information is available per deductee and period.
What does the audit trail actually record?
Creation, change, approval and cancellation against each business record, with before and after values, visible on the record itself and exportable.
Show us a quarter.
We will run your deduction register, show the threshold positions, and produce the data your return needs.