How to: Set Up Accounting Periods

You must set up accounting periods 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 accounting periods for TCS, but the same steps also apply to setting up accounting periods for TDS.

To set up accounting periods for tax collected at source

In the Search box, enter Income Tax Accounting Periods, and then choose the related link.
Select the required income tax accounting period, and on the Navigate tab, in the Function group, choose Create Year.
In the Create TDS/TCS Fiscal Year window, on the Options FastTab, fill in the fields as described in the following table.

Field Description

Starting Date

The starting date of the accounting period.

Ending Date

The ending date of the accounting period.
Choose the OK button.
On the Navigate tab, in the Lines group, choose Quarters.

Field	Description
Starting Date	The starting date of the accounting period.
Ending Date	The ending date of the accounting period.

In the Income Tax Period Setup window, fill in the fields as described in the following table.

Field	Description
Quarter	The quarter used for defining the starting date and the ending date.
Starting Date	The starting date of the selected quarter.
Ending Date	The ending date of the selected quarter.