Creating TDS Challan Vouchers
The India Localization SuiteTax Engine SuiteApp lets you create a challan voucher to submit TDS to the tax authority. A challan voucher includes tax information and payment details.
You can create a challan voucher for multiple section codes in a tax period. The Section Code field on an India TDS challan voucher lists all section codes for a subsidiary. You can create several challans using different section codes in a period, but you can’t create a duplicate challan for the same section code in the same period.
To create a TDS challan voucher:
-
If you’re using the Accounting Center, go to Financial > Other > India TDS Challan Voucher.
If you’re using the Classic Center, go to Transactions > Finance > India TDS Challan Voucher.
-
Click New India TDS Challan Voucher.
-
In the Classification section, select a subsidiary.
-
In the India Tax Information section, fill out the following fields:
-
In the Tax Transaction To and Tax Transaction From fields, enter the transaction period.
-
Enter bank details for the challan.
-
In the Section Code field, select one or more section codes to create a challan voucher.
-
(Optional) Check the Select All Section Codes box to create a challan voucher for all section codes. By default, the box is checked for new and existing transactions.
-
-
Account Selection at Line Level:
-
For the debit account, select the account the TDS amount is being paid from (typically the tax authority account). This can be set up in the TAX type mapping configuration page based on nexus and section code or Tax Type record of Tax Deduction at Source.
-
For the credit account, select the account where you want the TDS to be credited.
-
Ensure that the correct debit and credit accounts are selected at the line level to reflect the tax payment accurately.
-
-
Enter other details as needed.
-
Click Save.
The following table list the fields available on a challan voucher:
Field |
Description |
---|---|
Challan for NRI |
Check this box to file Form 27Q. |
Return Form Period |
Select the return form period for the challan. |
Tax Transaction From |
Enter the start date of the bills linked to this challan. |
Tax Transaction To |
Enter the end date of the bills linked to this challan. |
Bank Challan Number |
Enter the challan number from the bank. |
Bank Branch Code |
Enter the challan BSR code for the receiving branch. |
Date of Bank Challan |
Enter the tax payment date. |
Minor Head of Challan |
Select from the following options:
|
Nil Challan Indicator |
Check this box if the voucher qualifies for Nil TDS Return. |
Details of Payment |
Select the type of payment made. |
Section Code |
Select the section codes you want to generate challan vouchers for in a transaction period. |
Select All Section Codes |
Check this box to select all section codes and generate challan vouchers for a transaction period. |
Creating and Printing TDS Challan Vouchers
You can use the standard print voucher template provided or customize it to fit your requirements.
To customize, go to Customization > Forms > Advanced PDF/HTML Templates and select "Stand India TDS Challan Voucher PDF/HTML Template." Make the necessary changes as per your needs. Make sure you use the same template in the Challan Voucher Form.