Available new stat 172 from 29th June, 2012

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

Major Enhancement are :

Service Tax :

  • As per the amendment in Budget 2012-13 for Service Tax, the functionality has been enhanced to account service tax transactions based on Negative List.
  • As per the amendment, the Abatement concept is being replaced by the Taxable Percentage. A new provision is made available to define the Declared Taxable Percentage in Ledger created under Indirect/Direct Expenses, Indirect/ Direct Incomes,
    Purchases and Sales group.
Tax Collected at Source :
  • Effective from July 1, 2012 the following TCS nature of goods are provided:
    • Minerals, being coal or lignite or iron ore
    • Bullion or jewellery (if the sale consideration is paid in cash exceeding INR two lakhs in bullion and five lakhs in case of jewellery).
Tax Deducted at Source :
  • As per the Amendment, the following TDS Nature of Payment and Rate changes are incorporated effective from July 1, 2012:
    • Nature of Payment – Any remuneration or commission paid to director of the company (Effective from 1 July 2012) is provided.
    • For the Nature of Payment – Compensation on acquisition of immovable property, the Cut off Amount is increased from 1,00,000 to 2,00,000.
    • For the Nature of Payment – Interest on Securities, the Cut off Amount is increased from 2,500 to 5,000.

Release details of Stat900 version 172 (PDF file)

Download Stat 172

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