Setting Up TDS

To set up Tax Deduction at Source (TDS), use the Administrator or India Tax Manager role to complete these steps in order:

1. Set up tax information in your vendor records – This ensures each vendor has the correct tax details. For more information, see Setting Up Tax Information in Vendor Records.

2. Map TDS tax types to the correct GL account – This step ensures TDS amounts are posted to the right account. For more information, see Mapping TDS Tax Types.

3. Set up section codes for TDS – Section codes help categorize TDS transactions. For more information, see Managing Section Codes for TDS.

4. Create TDS tax rules – These rules define how TDS is calculated for each transaction. For more information, see Creating Rules for TDS Tax Types.

General Notices