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click here to download the app (for users in the US for now) and get all the help you need. goodluck!
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Tally is an accounts and inventory management software which is having many other features too. With the latest version of this software Tally9 you can 1. do all basic accounting functions, 2. Manage your store and items, 3. do the job costing, 4. manage payroll, 5. get many mis reports which are useful for day today functions, 6. file your tax returns like prepare balance sheet, profit and loss statement, VAT forms, TDS, returns, Service tax returns, e-TDS filing, Excise forms, FBT reports and forms, 7. maintain budgets, scenarios, 8. calculate interest on pending amount 9. manage data over different locations and synchronize it and many more other features.
In fact in todays environment you just need a computer and Tally to manage your business and you to run it. you can get more info on tally at http://apnitally.blogspot.com Hope this can help you to understand tally better.
A fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.
Service Tax is a form of indirect tax imposed on specified services
called "taxable services". Service tax cannot be levied on any service
which is not included in the list of taxable services. Over the past few
years, service tax been expanded to cover new services. The objective
behind levying service tax is to reduce the degree of intensity of
taxation on manufacturing and trade without forcing the government to
compromise on the revenue needs. The intention of the government is to
gradually increase the list of taxable services until most services fall
within the scope of service tax. For the purpose of levying service
tax, the value of any taxable service should be the gross amount charged
by the service provider for the service rendered by him.
You will get to buy the standard sofwares for commuting the sales tax values. This sofware must be installed so that you will get all the reports as required by your tax authority. Please ask any of the sofware dealers in your area, or the tally dealer to install to yourr system the software and teach you how to enter the fields.
Hope you try this out. Good day
Tally uses the latest technology to provide features in a simplified manner. It is a robust system that is easy to use.
Multilingual Business Accounting and Inventory Management Features
Multilingual Support: Tally can now be used concurrently in the language of your choice. Tally's interface is now available in Bahasa Melayu besides English and the Indic languages Hindi, Kannada, Bengali, Gujarati, Marathi, Tamil, Punjabi, Telugu, Malayalam and Hinglish (colloquial)
Payroll: Payroll in Tally enables users to set up and implement simple to complex salary structures. You can align and automate payroll processes and directly integrate them with main stream accounting applications. Tally Payroll also supports configurable formats for payslip printing; flexible salary/wage, attendance, leave and overtime registers; gratuity and expat reports
FBT (Fringe benefit tax): FBT in Tally is a one time, easy to enable configuration. It supports Challan management and printing for prompt and accurate filing of tax. On entering the transactions, Tally automatically calculates the FBT and generates the reports
VAT Composition Returns: VAT Composition Returns in Tally provides fast and error-free voucher entry with complete tracking of each transaction. It supports the printing of VAT Composition Returns of any state in which VAT has been implemented. The Composition Rate of VAT is automatically recognised based upon turnover and the tax payable is calculated automatically and shown in the Return Form
Excise for Dealers: Excise for Dealers in Tally generates Excise Invoices for Traders, Tracks Purchase Invoices during sales and duty credit availed and passed on. It also maintains the Excise Stock Register and generates Quarterly Returns
TDS (Tax Deducted at Source): Tally allows you to configure TDS ledgers by specifying the Nature of Payment and Assessee Types, along with the Rate of TDS. It determines user-defined expense/payment types with user-defined rates. TDS can be deducted automatically based on pre-defined rates, once the transactions exceed the threshold limit. You can generate Challans, the Form-16A Certificate as well as the quarterly and annual returns. Tally also generates e-TDS files in NSDL compatible formats
Synchronization: Synchronization in Tally helps you transfer data between two or more locations (Example: When a Branch Office and the Head Office of a company reside in two different locations). Synchronization can be done, both ways (For Example: You can transfer the data from Branch Office to Head Office or vice-versa).
E-mail reports and documents directly from Tally
Publish reports in HTML on Web or Intranet and share them with suppliers, customers or your own staff
Direct web browsing capability from within Tally that avoids switching between programs
Exchange data with other systems using XML. Tally gives you the means to collaborate with others and share information like never before
ODBC connectivity opens up Tally. This makes Tally fields in ODBC to be compliant with programs like MS Word and MS Excel. This enables you to integrate Tally data dynamically into other ODBC systems. It even designs a form like remittance advice and imbed fields like Customer name and address, account balances and so on, in Excel/word