How to: Set Up Tax Information for Tax Deducted at Source
You must set up the tax information for a company, or for a vendor and customer to calculate the Tax Deducted at Source (TDS). For more information, see How to: Set Up Tax Deducted 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 P.A.N. No.
The Permanent Account Number (PAN) of the company.
T.A.N. No.
The tax account number for tax deduction.
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 vendor, but the same steps also apply to a customer.
To set up tax information for a vendor
In the Search box, enter Vendors, and then choose the related link.
Select the required vendor, 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 PAN of the vendor.
P.A.N. Status
The vendor'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 vendor when the PAN has been applied for but is not yet available.
Choose the OK button.
See Also
Tasks
How to: Set Up Tax Deducted at Source
How to: Set Up Nature of Deductions