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HomeProducts >  Tally.ERP 9 > Tax Collected at Source (TCS)
Tax Collected at Source (TCS)
TCS is the collection of tax at source by the seller (collector) from the buyer (collectee/payee) under section 206C of the Indian Income Tax Act, 1961.

Tally.ERP 9 has full coverage of the statutory and reporting requirements for TCS:
• Recording transactions related to TCS
• Statutory returns such as Form 27D and 27B
• For E-filing e-TCS Forms (Form 27E, Form 27EQ)
• TCS Challans with Tax Payer Counterfoil
• Reconcile Challans with the TCS payment ledger

Combined with TDS, TCS, VAT, FBT, Service Tax, Excise for Dealers, Excise for Manufacturers and others, Tally.ERP 9 comes with complete statutory taxation coverage.
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