TDS Summary Report

TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments. Usually, the person receiving income is liable to pay income tax.

TDS Summary Report in Accoxi

ACCOXI is most modern accounting software that provides easy and deliberate results for accounting. It provides the module of Reports and TDS Summary of Accounts included in it. This report shows all the TDS summary consists of various sections while processing the statement filed by deductor during a particular period. It shows the details of TDS section, total invoice amount, total tax deducted at source and total after TDS deduction. When the user opens the ACCOXI account, Reports module will be appear on the bottom left side of the modules. Click on the Reports module, it opens to various financial reports of the Organization. There are various heads of reports like Payables, Receivables, Accounts etc.

Click on the Accounts head and select the option TDS Summary.

By clicking on the TDS Summary option, summary report will popup on the screen.

TDS Summary

It shows the details of TDS section, total invoice amount, total tax deducted at source and total after TDS deduction.

Fields	Description
Customize Report	User can filter the report data by using Customize Report menu. User can filter the TDS summary by using the option Date in the customize menu. By clicking the by date option, need to enter the starting date along with the end date, and then the tax details of the transactions will appear on the basis of the date entered. By clicking on Run Report, user get the customize report based on data entered.
Print	If the user wants to take the print out of the report, it can be done by using the menu Print on the top right side of the page. When the user click on the print menu, it opens to Report page and it contains the details regarding the print. User can set the page range, page height, width and can enter the required number of copies here. By clicking on the Print button, user gets the print out of the TDS summary report.
TDS section	This column shows the TDS sections of the deducted tax, user can access the TDS section details by clicking on the field. To check the TDS details of an invoice, click on the Accounts Involved field. While clicking on the field, a new tab will appear with the details of TDS sections.
Total	It shows the total amount of the invoice, user can access the total amount details by clicking on the field. To check the details of an invoice, click on the Total field. While clicking on the field, a new tab will appear with the complete details of TDS.
Total Tax Deducted at Source	This column shows the total amount of tax deducted at source under each section. User can access the TDS details by clicking on the field. To check the TDS details of an invoice, click on the Total Tax Deducted at Source field. While clicking on the field, a new tab will appear with whole details of TDS.
Total After TDS Deduction	This column shows the total TDS amount that deduct from the total amount. User can access the TDS details by clicking on the field. To check the TDS details of an invoice, click on the Total Tax Deducted at Source field. While clicking on the field, a new tab will appear with whole details of TDS.

Menus Available in Print View

When the user clicks on the print menu, it opens to Report page. It shows the TDS summary report and it consist of various menus.

Fields	Description
Refresh	If the latest data is not displayed, click on the refresh icon on the top left corner of the page to fetch the new data.
Pagination Control	It controls the page navigation. User can select the page by using the page control keys or can enter the page number in the given box. After enter the page number, it will open to the screen.
Page Setup	This menu helps the user to set the page size, page orientation and margin size. By clicking on the Page Setup icon, a new tab will appear and user can select the page size, orientation and margin size with the tab.
Switch to Interactive Layout	It helps the user to change the page to Interactive Layout. By clicking on the icon, it will change to an interactive layout.
Zoom	User can use the zoom option to select the required zoom size for print. By clicking on the select option, available zoom size will appear and can select required size.
Print	By clicking on the Print button, user gets the print out of the report.
Export	Export menu enable the user to export the report to PDF format and can save in the system. When the user click on the Export menu, a new tab will appear for save the file. Then user can select the location to save the file, can set a name and click on save button to save the file as PDF format.
Exit	Exit menu is for exit from the Print report page and it redirects to previous page.

Frequently Asked Questions?

01What type of data are included in the TDS summary report in ACCOXI?

ACCOXI provides the module of Reports and TDS Summary of Accounts included in it. This report shows all the TDS summary consists of various sections while processing the statement filed by deductor during a particular period. It shows the details of TDS section, total invoice amount, total tax deducted at source and total after TDS deduction.

02How can I take a printout of TDS summary report?

Click on the Reports module.
Select the option TDS summary from Accounts head.
At the right hand side of the report, there is a Print menu.
Click on the Print menu and it opens the print view form.
You can set the page range, page height, width and can enter the required number of copies here.
Click on the Print menu to get the printout of the report.

03What represent the Total tax deducted at source column in TDS summary report?

ACCOXI provides the module of Reports and TDS Summary of Accounts included in it. The column Total tax deducted at source, shows the total amount of tax deducted at source under each section. You can access the TDS details by clicking on the field. To check the TDS details of an invoice, click on the Total Tax Deducted at Source field. While clicking on the field, a new tab will appear with whole details of TDS.

04What is the use of customize report menu in the TDS summary report?

ACCOXI provides the module of Reports and TDS summary report included in it. In the report, customize menu helps you to filter the data by a particular date. By clicking on the customize report, you can filter the report by enter the starting date along with the end date, and then the tax details of the transactions will appear on the basis of the date entered.

05What represent the Total after TDS deduction column in TDS summary report?

ACCOXI provides the module of Reports and TDS Summary of Accounts included in it. The column Total after TDS deduction, shows the total TDS amount that deduct from the total amount. You can access the TDS details by clicking on the field. To check the TDS details of an invoice, click on the Total Tax Deducted at Source field. While clicking on the field, a new tab will appear with whole details of TDS.