TDS Register screen is used to record Tax Deduction at Source (TDS) amount against a payment for a given customer. It also helps you to update the status of TDS certificate when service provider receives the TDS amount.
To record new TDS:
On the Receivables module, click TDS Register.
In the 'Customer #' text box, you can either enter the customer number in the given text box or Retrieve the customer details. The customer's account details such as name, balance, e-mail address, address, entity, and country are displayed in the below.
In the New grid, enter the TDS register details to add TDS for the customer.
In the 'Payment' # drop-down, select payment number for which you want to record the TDS. The payment amount will be displayed in the Payment Amount field for the selected 'Payment #'.
In the 'Payment Date' text box, select the payment date for that particular payment number.
In the 'TDS Amount' text box, enter the TDS amount.
In the 'TDS Certificate #' text box, enter the TDS certificate number.
In the 'TDS Date' text box, select the TDS date.
In the 'Is Settled' drop-down list, select the values such as Yes, No, or Cancel.
Yes: If the service provider receives the TDS amount from the customer, then the value is selected as 'Yes'.
No: If the service provider did not receive the TDS amount from the customer, then the value is selected as 'No'.
Cancel: If the service provider wants to the cancel the TDS amount, then the value is selected as 'Cancel'
Click Save to save the TDS details of the customer.
To view or modify the existing TDS details:
In the Customer # box, enter the customer's number or Retrieve the customer details, for whom you want to view or modify the TDS entries.
Enter the values in the specified search criteria such as From Date, To Date, TDS Certificate #, Payment #, or select TDS Status from the drop-down list.
Click Search button to retrieve the results based on the specified search criteria.
The details such as TDS Date, TDS Certificate #, TDS Amount, Payment #, Payment Amount, Is Settled are displayed in the below grid.
Click Edit hyperlink against the TDS Date. The TDS details are displayed in the 'Edit' grid..
Modify the required details and click Save to apply the modifications.