The reason for retirement for this version as given by tally on its website is that its support staff and development team is concentrating on new technologies. Due to constrains in older technologies it is not possible to sort out some know issues of Tally 7.2. How ever, it is note worthy that tally has stopped any new releases in Tally 7.2 very long ago. Statutories were also stopped. In the light of these events it is worth while to think what it means for a Tally 7.2user.
What it means for me?
It means that, If I am a Tally 7.2 users then in case of any problem i would not get the support from Tally’s toll free numbers. No new updates would be available in case of Tally 7.2. If you have discovered some bugs then it would not be fixed for you as it was earlier done by Tally.
It means that user has to remain on what he is getting at present. If it is sufficient and his work is going on smoothly, then its very fine otherwise he has to think about newer version. There are so many users who are still working on Tally 6.3 and working fine because they never felt any need to upgrade.
It also means that in future if you need any customization etc then the older tools would no longer will be available in your version of software. The answer to all fears and questions regarding retirement can be viewed in Retirement FAQ’s.
Should I upgrade ?
The answer to this question to is a again depends on requirements. If you feel that in the age of windows xp and vista you can still do with your windows 98 system then windows 98 would work in same system for ever. Same is the case with Tally 7.2, If you are working fine and you think you don’t need any thing else on same system then Tally 7.2 is going to work for ever. Company is not going to take you license back, it would be surrendered and activated as it is done now.
As statutory rules would change and newer laws would come, so you need to upgrade your product too to full fill your business needs. If you think you and your organizations need would grow in future, then you have should go for upgrade to Tally9.
Find a Tally partner near you and explore your best upgrade options.