Smart Books
Keep track of TDS and prepare TDS returns
See the TDS you deducted, link it to the challans you paid, and get your quarterly return ready.
Before you start
Who this is for
Businesses that deduct TDS on payments such as rent, contractors or professional fees, and their accountants.
Before you start
- TDS set on the supplier accounts it applies to (Statutory & tax → TDS applicable).
- Your TDS challan details for the quarter.
- Permission to see TDS / TCS in your profile.
Steps
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Step 1: Open TDS / TCS
Open TDS / TCS in the side menu (Alt+T).
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Step 2: Collect the quarter’s deductions
Open the TDS Workbench and choose Sync from source. The deductions from your payment and purchase entries are listed for the quarter.
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Step 3: Link the challans you paid
Open Challan reconciliation, record each TDS deposit and link the deductions it covers.
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Step 4: Fix exceptions
Check Compliance exceptions for missing PANs or other problems and correct them in the accounts concerned.
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Step 5: Prepare the return
Open the quarterly return — for example Form 140 (ex-26Q) for most payments — review it and download it for filing.
Tip: The new form numbers apply from 1 April 2026; the older forms are kept under Legacy forms for earlier periods.
What happens next
Every deduction for the quarter is matched to a challan, and your quarterly TDS return is ready to file.
Questions
What are Form 140, 144, 143 and 138?
They are the quarterly TDS and TCS statements from 1 April 2026, replacing 26Q, 27Q, 27EQ and 24Q. Smart Books shows the old name next to each.
Ready? Try it now.
Open Smart Books in a new tab and follow along.