How to: Set Up Tax Collection Account Numbers

You must set up either a tax collection account number or a tax account number as one of the prerequisites to calculate Tax Collected at Source (TCS) or Tax Deducted at Source (TDS). For more information, see How to: Set Up Tax Collected at Source or How to: Set Up Tax Deducted at Source.

The following procedure describes how to set up tax collection account numbers for TCS, but the same steps also apply to setting up tax account numbers for TDS.

To set up tax collection account numbers for tax collected at source

1. In the Search box, enter T.C.A.N Nos., and then choose the related link.

2. On the Home tab, choose New.

3. Fill in the fields as described in the following table.

   Field	Description
   Code	The unique tax collection account number code consisting of 10 alphanumeric characters. This number is allocated by the Income Tax Department to the collector.
   Description	The tax collection account number code description.

4. Choose the OK button.

See Also

Tasks

How to: Set Up Tax Collected at Source
How to: Set Up Tax Deducted at Source

Concepts

Income Tax Overview

Other Resources

T.C.A.N. No. Field
T.C.A.N. Nos. Window