TDS Payment

by
Odoo

$ 15.95

v 13.0 Third Party 1
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 396
Technical Name tds_collection
LicenseAGPL-3
Websitehttps://www.loyalitsolutions.com
You bought this module and need support? Click here!
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 396
Technical Name tds_collection
LicenseAGPL-3
Websitehttps://www.loyalitsolutions.com

TDS Payment

Features
  • This module allows you to give the TDS (Tax deductible at source - The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor) in odoo payments
Configuration & Working

STEP 1 - 10% TDS Tax Configuration

  • Accounting ----> Configuration ----> Taxes ----> Create

Tax amount should be given in negative figure (eg:-10)


STEP 2 - Chart of Accounts Configuration

  • Accounting ---> Configuration ---> Chart of Accounts ---> Create

Please ensure that you have checked on allow reconciliation and TDS fields


STEP 3 - Create Journal Entry

  • Accounting ---> Accounting ---> Journal Entry ---> Create

Please give the corresponding tax percentage (TDS 10%) in the taxes field which we have created before in the chart of account (E.g.: Interest expense account) of expense you want to post then the credit account of TDS payable will be automatically calculated and create on the next line


STEP 4 - Payment of TDS Collected to the Govt Account

  • Accounting ---> Vendor ---> Payment ---> Create

When you click on the TDS check box the corresponding TDS fields like Account (Only the chart of accounts which we configured as per Step 2), Challan serial No, Section, Barcode, Reference No will be appear on the payment window, you can fill up those data. The TDS amount collected from party should be posted here


System Generated Journal Entry

STEP 5 - TDS Account Payment Matching

  • Click on Payment matching Button



  • Click On Check all unreconciled entries



  • Select on Particular TDS account Transaction



  • Click on Action Button and Select Reconciliation option



  • Click on Reconcile Button


STEP 6 - Payment of Party

  • Accounting ---> Vendor ---> Payment ---> Create


STEP 7 - TDS Excel Report
  • Accounting ---> Report ---> TDS Report ---> Generate



  • Excel Report


Contact Us


Email: support@loyalitsolutions.com or info@loyalitsolutions.com

Website: www.loyalitsolutions.com

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by
amanrpatel0013@gmail.com
on 9/9/23, 2:56 AM Confirmed Purchase

i purchase this module but dont get any clue for that

by
amanrpatel0013@gmail.com
on 9/9/23, 2:56 AM Confirmed Purchase

where is the code for create a  TDS line in journal entry from payment which you mentioned in screenshots