Zoho books Update- January 2025- Indian edition

Zoho Books brings you a comprehensive set of new features and updates designed to streamline your financial management with its January 2025 updates: ## Fixed Asset Management Module Zoho Books allows you to monitor your fixed assets, automatically calculate depreciation, and manage their sale or write-off when they are fully depreciated or reach the end of their useful life. ## Invoice Management System The IMS allows you to review the transactions filed by your suppliers in their GSTR-1, GSTR-1A, or IFF. You can choose to accept, reject, or mark the transactions as pending to accurately claim Input Tax Credit (ITC). ## TDS Payments- (Early Access) You can now easily view all your TDS liabilities, and record challan under the [TDS](https://www.zoho.com/in/books/help/tds/tds.html) module. ## GST TDS- (Early Access) GST TDS allows you to deduct a portion of payments to suppliers, which is then remitted to the tax authorities. ## Payment Retention With this feature, you can set a retention percentage for your invoices, automatically withhold a portion of payments, and track retained amounts easily. Once contract terms are fulfilled, you can release or adjust the retained payments with just a few clicks. ## Apply TDS Surcharge and Cess to Your Bills You can now create and apply TDS surcharge and cess to your bills. A surcharge is an additional tax applied to the existing tax, while cess is a tax imposed by the government for a specific purpose.