Import monthly TDS liability and previous month credit amount at the time of deduction entry in return 24Q

Published by Team@HostBooks at June 1, 2020

Highlights

Calculation of monthly estimated TDS liability in annexure-2 of return 24Q
Import monthly TDS liability at the time of deduction entry in return 24Q
Import previous month credit amount at the time of deduction entry in return 24Q
New TDS rates have been updated (Due to the COVID-19 situation, the rates of TDS on payments made to a resident Indian have been reduced by 25% for the period starting from May 14th, 2020 to March 31st, 2021.)
New section code has been added for FY2020-21
Major & Minor Bugs fixed.
- Excel import issue.
- Valid session request implementation.

Calculation of Monthly Estimated TDS Liability

Import monthly TDS liability when adding a deduction

Import credit amount of previous month when adding a deduction

New TDS rates have been updated

New section code has been added

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Team@HostBooks

Arpita Bora is leading the content writing team at HostBooks Limited. She has pursued her Masters in Commerce. With over 4.5 years of experience in technical and creative writing, she specializes in both long and short-form digital content.