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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.

Upcoming Releases on 24th August, 2013

Posted on by Tally Academy

Indian Taxation

Excise for Manufacturers  :

  • Export documents ARE-1, ARE-2, ARE-3 will be provided
  • The Rule 16 register require for handling returned goods (Sales Return) will be provided

 

VAT

 

Arunachal Pradesh :

  • The eVAT Annexures for Interstate purchase details and online form requisition will be provided as per the requirements

Maharashtra:

  • The e-filing facility for Form 704 will be enhanced as per the latest e-VAT template.

Rajasthan :

  • The e-filing facility for Form 10A will be provided as per the requirement.

Tripura :

  • The revised VAT return will be provided as per the amendments.

 

Notify me, when ready »

Available new stat 204 from 21st 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 to support generation of Nil Returns when there is no challan but there are employees with zero TDS for a particular quarter.

 

VAT :

Arunachal Pradesh :

  • The E-VAT feature has been introduced to facilitate the e-filing of Local Purchase, Local Sales and Interstate Sales invoice details by exporting the data using Excel format to the template files as prescribed by the Commercial Tax Department.

Delhi :

  • The e-VAT functionality has been enhanced to support Annexures 2C and 2D as per the latest statutory requirements.

Jharkhand :

  • The E-VAT feature has been introduced to facilitate the e-filing of dealer-wise local sales details by exporting the data using Excel format to the template files as prescribed by the Commercial Tax Department.

Uttarakhand :

  • The e-VAT functionality has been enhanced as per the template version 1.4.1.

 

And more….

Release details of Stat.900 version 204 (PDF file)

Download Stat 204

Upcoming Releases on 21st August, 2013

Posted on by Tally Academy

Indian Taxation

Excise for Manufacturers  :

  • Export documents ARE-1, ARE-2, ARE-3 will be provided
  • The Rule 16 register require for handling returned goods (Sales Return) will be provided

 

VAT

 

Arunachal Pradesh :

  • The e-filing facility for Annexures will be provided as per the requirements.

Delhi :

  • The e-VAT Annexures 2C & 2D will be provided.

Jharkhand :

  • The e-filing facility for Annexures will be provided as per the requirements.

Maharashtra:

  • The e-filing facility for Form 704 will be enhanced as per the latest e-VAT template.

Rajasthan :

  • The e-filing facility for Form 10A will be provided as per the requirement.

Tripura :

  • The revised VAT return will be provided as per the amendments.

Uttarakhand :

  • The e-filing facility for Annexures will be provided as per the requirements.

 

Notify me, when ready »

Available new stat 202 from 5th August, 2013

Posted on by Tally Academy

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

Major Enhancement are :

TDS :

  • The TDS/TCS payment challan – CHALLAN NO./ITNS 281 format has been enhanced with new row Fee under sec. 234E

 

VAT :

Delhi :

  • The e-VAT functionality for Annexures 2A and 2B are enhanced as per the latest statutory amendments.

Karnataka :

  • For increase in VAT rate of Petroleum Products, the following VAT/Tax Classifications are provided with effective from August 1, 2013:
    • Input VAT @ 15.65% / Purchases @ 15.65%
    • Output VAT @ 15.65% / Sales @ 15.65%
    • Purchase Tax @ 15.65%
    • Purchase From URDs – Taxable Goods @ 15.65%
    • Input Tax Credit on Purchase From URDs @ 15.65%
    • Interstate Purchases @ 15.65%
    • Interstate Sales @ 15.65% / CST @ 15.65%
    • Input VAT @ 25% / Purchases @ 25%
    • Output VAT @ 25% / Sales @ 25%
    • Purchase Tax @ 25%
    • Purchase From URDs – Taxable Goods @ 25%
    • Input Tax Credit on Purchase From URDs @ 25%
    • Interstate Purchases @ 25%
    • Interstate Sales @ 25% / CST @ 25%
    • Input VAT @ 28% / Purchases @ 28%
    • Output VAT @ 28% / Sales @ 28%
    • Purchase Tax @ 28%
    • Purchase From URDs – Taxable Goods @ 28%
    • Input Tax Credit on Purchase From URDs @ 28%
    • Interstate Purchases @ 28%
    • Interstate Sales @ 28% / CST @ 28%

The value of entries recorded using VAT/Tax classifications provided for new VAT rates will be currently captured only in VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the values of entries taxable at 15.65%, 25% and 28% VAT rates in VAT Forms

Download Stat 202

Available new stat 201 from 30th July, 2013

Posted on by Tally Academy

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

Major Enhancement are :

TDS :

  • The e-TDS functionality for Form 24Q has been enhanced to support the latest file format by providing separate lines items for each section – 80CCE, 80CCF, 80CCG and OTHERS
  • The e-TDS functionality for Form 24Q has been enhanced to generate returns for previous financial years with the latest Validation Tool version 3.8.

VAT :

Himachal Pradesh :

  • The e-VAT functionality is enhanced as per the requirements of latest templates. In furtherance, the following VAT/Tax Classifications are provided, w.e.f 01.04.2013:
    • Purchases – From Exempt Units
    • Purchase of Capital Goods From Outside the State
    • Purchase of Capital Goods in Course of Import
  • VAT Annexures Form LP-2 and Form LS-2 are provided for physical and e-filing of returns.

Jammu and Kashmir :

  • Annual VAT return Form VAT 11-(A) is updated according to the notification issued by the Commercial Taxes Department.

Madhya Pradesh :

  • The e-VAT functionality is enhanced as per the latest e-filing requirements of template files – VATForm-10_Version1.7.xls.

West Bengal :

  • The e-VAT functionality has been enhanced to support the latest e-filing tool version 4.2.0.

 

And more….

Release details of Stat.900 version 201 (PDF file)

Download Stat 201

Available new stat 200 from 18th July, 2013

Posted on by Tally Academy

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

Major Enhancement are :

Tax Deducted at Source :

  • The e-TDS functionality for Form 26Q, 27Q and 27EQ has been enhanced to support generation of Nil Returns when there are no TDS transactions for a particular quarter.
  • The e-TDS functionality for Form 26Q, 27Q and 27EQ has been enhanced to support the latest file format for previous financial years which will be validated with the latest Validation Tool version 3.8.

VAT :

Delhi :

  • The e-VAT functionality for Annexure 2A and 2B have been enhanced to support the latest e-VAT templates.

Punjab :

  • Adhering to the Notification, the E-VAT functionality of Form VAT-15 has been enhanced to support the selection of the E-VAT templates based on the number of transactions.

Odisha :

  • The e-VAT functionality of Form VAT 201 has been enhanced to support the latest e-VAT template.

And more….
Release details of Stat.900 version 200 (PDF file)

Download Stat 200