How to: Set Up Tax Information
You must set up tax information for a company or for a customer and vendor as one of the prerequisites to calculate Tax Collected at Source (TCS). For more information, see How to: Set Up Tax Collected at Source.
To set up tax information for a company
In the Search box, enter Company Information, and then choose the related link.
On the Tax Information FastTab, in the Income Tax section, fill in the fields as described in the following table.
Field Description T.C.A.N. No.
The tax collection account number.
Circle No.
The circle number to which the company belongs. The circle number is a part of the address where you file your tax returns.
Assessing Officer
The assessing officer for the company.
Ward No.
The ward number for the company. The ward number helps the income tax authorities to identify where your tax returns are filed.
Choose the OK button.
The following procedure describes how to set up tax information for a customer, but the same steps also apply to a vendor.
To set up tax information for a customer
In the Search box, enter Customers, and then choose the related link.
Select the required customer, and on the Home tab, in the Manage group, choose Edit.
On the Tax Information FastTab, in the Income Tax section, fill in the fields as described in the following table.
Field Description P.A.N. No.
The Permanent Account Number (PAN) of the customer.
P.A.N. Status
The customer's PAN status. You must define the PAN status when the PAN is not available.
P.A.N. Reference No.
A unique reference number used to identify a customer when the PAN has been applied for but is not yet available.
Choose the OK button.
See Also
Tasks
How to: Set Up Tax Collected at Source