Month: September 2013

ERP 9 for BlackBerry now available for Tally.ERP 9 users

Posted on by Tally Academy

ERP 9 for BlackBerry :

The latest application for the Tally software series is now available on the BlackBerry World storefront giving existing Tally.ERP 9 customers enhanced business capabilities on their BlackBerry smartphones.

ERP 9 for BlackBerry offers real-time access to critical business information on Tally.ERP 9 through Tally.NET framework.

With all the features required for high-performance business management, Tally.ERP 9 customers with a BlackBerry smartphone will not need to make frequent calls to their accounts team for information. Customers will receive instant and important financial updates for modules like creditors, debtors, bank balance, top 10 customers, inventory status and more, directly on their BlackBerry smartphone.

The app provides instant access to customer information including concerned person, email id and contact information amongst other details. Users will also be able to make a call from the customer information accessible from creditors and debtors module.

 

ERP 9 for BlackBerry Click here to download the application on your Blackberry smartphone
http://appworld.blackberry.com/webstore/content/36547898

Tally.ERP 9 Series A Release 4.71 (Beta) 18th September, 2013

Posted on by Tally Academy

The new Tally.ERP 9 Release 4.71 (Beta) is available now!

FREE for all users of Tally.ERP 9.*

Tally.ERP 9 is the latest offering of the Tally software series. As with all Tally products, rapid updates are made available for the lifetime of the product via periodic releases, thereby providing the high level of business capability that millions of users trust. This migration is recommended for all Tally 9 licenses.

Enhancements :

  • Excise for Manufacturers with Supplementary Invoices and Credit Notes
  • Service Tax for organizations with service turnover of less than 50 Lakhs
  • Payroll with provision to process salary with New Pension Scheme

 

New Features :

Tax Deducted at Source :

  • In adherence to the amendments made to Finance Act 2013, tax deduction at the rate of 5% for 194LC is supported for the nature of Payment Income From ForeignCurrency, Bonds Or Shares of Indian Company irrespective of whether or not PAN       for the deductee is specified in the party ledger

Maharashtra – Local Body Tax :

  • To support printing of Registration details specific to Local Body Tax in invoices, the facility to enter the same in the Company and Ledger master level has been provided

Performance

  • The time taken to display TDS Details screen while recording a Journal Voucher has been reduced.

 

Functional Issue Resolved :

Accounting Reports :

  • When Bill- Party wise report was printed after a Print Preview, with the option Start fresh page for each Account set to No, the printout was bill-wise and not Party-wise.
    This issue has been resolved.
  • Exporting Bill-Party wise Outstandings report to Excel was taking time.
    This issue has been resolved.
  • During Multi Account Printing for a Group of Accounts, if the option Show Contact Details was enabled and the option Start fresh page for each Account was disabled in the Print Report screen, contact details of the parties were not being printed.
    This issue has been resolved.
  • Net Profit in P&L Account was getting captured as Opening Balance in the Ledger Vouchers report of Profit and Loss Account.
    This issue has been resolved.

And more……

 

The highlights of this release are listed below.

Tax Deducted at Source :

  • In adherence to the amendments made to Finance Act 2013, tax deduction at the rate of 5% for 194LC is supported for the Nature of Payment Income From Foreign  Currency, Bonds Or Shares of Indian Company irrespective of whether or not PAN  for the deductee is specified in the party ledger.

Maharashtra – Local Body Tax

  •  To support printing of Registration details specific to Local Body Tax in invoices,  the facility to enter the same in the Company and Ledger master level has been provided

Accounting Reports

  • View all Party Outstandings in Receivables, Payables and Group Outstanding reports with the new option ‘Bill-Party wise’ for a quick analysis

Payroll

  • As per the Budget 2013-14 , the following changes are supported:
    • Tax Rebate U/s 87A of an amount equal to a) Rs. 2,000 per annum or b) Total tax amount whichever is less, for resident individuals with total taxable income up to Rs. 5,00,000
    • Surcharge of 10% for individuals whose taxable income exceeds Rs. 1 crore per year
    • Income Tax Benefit on interest on Housing Loan (First Time Buyer) U/s 80EE

Printing

  • Now ZOOM IN up to 600% in print preview of all reports / invoices using mouse and keyboard for enhanced visibility

TDS

  • TAN and PAN structure will be validated during creation to eliminate errors in filing returns
  • Now, Proprietorship firms can print TDS Challans and returns with proprietor’s name , as mentioned in PAN
  • TDS Computation report (Party/Expense Wise) can now be sorted based on Date, Ref No . or Nature of Payment

Tally.ERP 9 Feature Summary:

  • Quick to install and allows incremental implementation
  • Easy to customise
  • Powerful remote capabilities to boost collaboration
  • Audit & compliance services
  • Integrated support centre
  • Security management
  • Statutory processes
  • Manufacturer’s excise
  • Payroll

Click here for release notes

Click here for download

Available new stat 206 from 13th September, 2013

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

 

VAT :

Assam :

  • As per Notification for increase in VAT rates from 13.5% to 14.5% the following new VAT/ Tax classifications are provided, effective from September 13, 2013
    • Input VAT @ 14.5% / Purchases @ 14.5%
    • Purchases @ 14.5% (Schedule IV Items)
    • Purchases – Capital Goods @ 14.5%
    • Purchase From URDs – Taxable Goods @ 14.5%
    • Purchase Tax @ 14.5%
    • Interstate Purchases @ 14.5%
    • CST @ 14.5% / Interstate Sales @ 14.5%
    • Output VAT @ 14.5% / Sales @ 14.5%
    • Output VAT @ 14.5% (Schedule IV Items) / Sales @ 14.5% (Schedule IV Items)
    • Output VAT – Lease @ 14.5% (on Going) / Sales – Lease @ 14.5% (on Going)
    • Output VAT – Works Contract @ 14.5% / Sales – Works Contract @ 14.5%

The value of entries recorded using the aforesaid classifications will be currently captured only in VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 14.5% VAT rate in VAT Forms.

Goa :

  • Adhering to the notification, the following new VAT/Tax Classifications are provided for VAT rate 6.25%:
    • Input VAT @ 6.25% / Purchases @ 6.25%
    • Output VAT @ 6.25%/ Sales @ 6.25%
    • Interstate Purchases @ 6.25%
    • CST @ 6.25%/ Interstate Sales @ 6.25%

The value of entries recorded using the aforesaid classifications will be currently captured only in VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 6.25% VAT rate in VAT
Forms.

Available new stat 205 from 27th August, 2013

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

Payroll :

  • The e-TDS functionality for Form 24Q has been enhanced as per the new file format version 4.5 for Quarter 1, 2 and 3 and file format version 4.7 for Quarter 4, to validate e-TDS returns with the latest e-TDS Validation tool version 3.9.

Tax Deducted at Source :

  • The e-TDS functionality for Forms 27Q (only Nil returns), 26Q, and 27EQ has been enhanced as per the new file format version 4.6 to validate e-TDS returns with the latest e-TDS Validation tool version 3.9.
  • The Section Code for Rent in TDS payment challan – CHALLAN NO./ITNS 281 will be captured as 94I.

 

VAT :

Tripura :

  • Revised VAT Form X has been provided.