On theInvoice approval journalpage, selectFind vouchersand select invoices to calculate TDS on. View the invoices created in theInvoice registerpage or theFind voucherspage. On theGeneraltab of theJournal voucherpage, view or modify the default TDS group defined for the vendor...
Post the invoice. The TDS amount calculated on purchase invoices is posted to the payable account and the TDS amount calculated on sales invoices is posted to the receivable account that is defined for each TDS tax code in the TDS group. The payable accounts...
Specifies the Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) amount that is associated with the sales invoice line.Tip For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search....
This field contains the base amount on which TDS/TCS is calculated. Tip For more information on how to work with fields and columns, seeWork with Data. For assistance in finding specific pages, seeSearch. Parent Tables TableLocation Sales Invoice Line TableSales and Receivables...
TDS Payable Account Other current liability account that is used to track the TDS deducted from vendors (TDS on purchases). TDS Receivable Account Other current asset account that is used to track the TDS deducted by your customers (TDS on sales).Click...
Deducting TDS on the total invoice value vs. the taxable value under section 194Q Set up TDS under section 194 Q 显示另外 9 个 Section 194Q of the Income Tax Act was recently introduced vide the Finance Act, 2021. Section 194Q states, “It is provided for TDS by the person responsible...
Date RangeSelect the date range for which you want to generate the report. Report BasisSelect if you want the report to be generated on Accrual or Cash basis. Group ByGroup the report by customer or TDS rate. ClickRun Report. Was this document helpful? Yes No SubmitCancel...
TDS can be deducted on receiving payment from customer. TDS can be calculated on the following documents: General Journal Cash Receipt Voucher Bank Receipt Voucher Cash Receipt Journal TDS certificate will be receivable from customer on receiving the advance payment or issuing sales invoice ...
TCS Return is filed with respect to the tax collection at source on transactions such as sale of liquor, tendu leaves, scrap sales, timber, etc. #6. Form 27D This type of form is filled for obtaining the certificate of Tax Collected at Source or the TCS. This certificate of TCS validat...
The advent of GST has ushered a tiring process of reconciliation for the sellers on e-commerce platforms with invoice-wise data being uploaded in GSTR-1 monthly. To add to online business’ woes, provisions of TCS have been made applicable on e-commerce platform with effect from 01st Octobe...