TDS Setup for Parties

If the transactions with a party are liable for tax deduction, you must attach the relevant TDS setting to the Party Master. Click on the TDS tab in the Party Master to set it up

Once you choose the Nature of Payment from the list, the rate and other details will be displayed. You only need to set the From date and click Create to attach the item to the party

All TDS settings for a Party are listed on the TDS tab. You cannot delete a TDS entry from the Party Master, but can only deactivate it by entering a ‘Through Date’ and clicking Update.