The right tax deducted before the payment goes out.
TDS and TCS works out the tax at the moment a bill is booked or a payment is made, based on what the payment is for and who is being paid. That is where most errors begin: a deduction missed on brokerage, job charges or freight, and found only at quarter end. Here the entry itself carries the deduction.
Deducts TDS on payments and bills by nature of payment and party type, with threshold and lower-deduction certificate checks. Tracks challans and prepares quarterly return data and certificates; collects TCS where it applies.
Inside the module.
Deduction rules
Set by nature of payment and type of party, and applied on the entry.
Threshold tracking
Watches the year's total for each party and deducts once the limit is crossed.
Lower deduction certificates
Applies the certificate's terms while it is valid.
Challan tracking
Links tax deposited to the deductions it covers, and shows what is unpaid.
Return data
Quarterly figures by party and PAN, ready for return preparation.
TDS certificates
TDS certificate data for each party, to share after the return is filed.
TCS on sales
Collects TCS on bills where it applies and reports it separately.
Part of 11 products.
Yarn and Dyeing ERP
This is yarn dyeing software built around the lot and the shade.
View Textile and apparelFabric Trading ERP
Fabric trading software for cloth merchants and textile wholesalers who buy grey, get it processed on job and sell finished…
View Textile and apparelProcess House ERP
Process house software for mills that dye, print and finish cloth belonging to their customers.
View Textile and apparelTextile Broker and Agent App
Textile broker software for yarn and cloth brokers and commission agents.
View JewelleryBullion Trading Software
Kreon Jewellery ERP's bullion trading software is for bullion dealers, refiners with a trading desk and large jewellers who buy…
View ManufacturingSteel Plant ERP
Steel plant ERP software from Kreon runs an induction furnace, rolling mill or integrated TMT plant by weight and heat number.
View DistributionStockist and Wholesale Software
Wholesale billing software for stockists and traders who buy in bulk and sell on credit to many parties at different rates.
View Business softwareMulti-entity Accounting
This multi company accounting software keeps separate books for each of your companies, firms and branches, and gives you the…
View Business softwareFinancial Management Software
This financial management software is the accounts side of an ERP: sales, purchase, stock and payroll post to the ledgers as the…
View Business softwareHRMS and Payroll
This HRMS software runs attendance, leave and payroll for salaried staff, daily-wage workers, piece-rate workers and contract…
View Business softwareProcurement Software
This procurement software puts every purchase through the same path: indent, quotation, approved purchase order, GRN and bill.
ViewIndustries that rely on it.
- Yarn and dyeing
- Fabric trading
- Saree and ethnic wear wholesale
- Textile brokers and commission agents
- Textile process houses
- Embroidery and printing
- Weaving and grey
- Gold jewellery
- Silver jewellery and silver articles
- Bullion trading
- Gold and silver refineries
- Steel plants
- Stainless steel
- Engineering and fabrication
- Pharma distribution
- Electronics and electricals trading
- Stainless steel stockists and traders
- Wholesalers and super-stockists
Questions, answered.
Does it cover salary TDS too?
Salary TDS is handled in payroll, along with the employee's declarations. This module covers deductions on payments to contractors, professionals, brokers, transporters, landlords and similar parties.
What if a party has not given a PAN?
The party master flags the missing PAN and the deduction rule for that case is applied. Such parties appear on a list, so you can collect the PAN before the return.
Can my CA use the data for filing?
Yes. The quarterly data is given party-wise with PAN, amounts, deductions and challan details, in a form your CA can take into the return.
Which Kreon products include tDS and TCS?
It is part of 11 Kreon products, including Yarn and Dyeing ERP, Fabric Trading ERP, Process House ERP, Textile Broker and Agent App, Bullion Trading Software, Steel Plant ERP. It can also be added to a custom system.
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