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