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ourmaninindia
Level 1

TDS deductions on non corporate professionals is wrong. Quite worrisome. It seems to takes almost 2% instead of 10 (or the reduced 7.5%)

 
1 Comment 1
Jovychris_A
QuickBooks Team

TDS deductions on non corporate professionals is wrong. Quite worrisome. It seems to takes almost 2% instead of 10 (or the reduced 7.5%)

Thanks for posting to the Community, @ourmaninindia.

 

You can enable TDS invoicing to this client by following the steps:

  1. Select Sales or Invoicing from the left menu.
  2. Select Customers at the top.
  3. Click on the name of the customer for whom you want to enable TDS and click Edit.
  4. In the customer information pop up, click on the Tax info tab and enter the PAN number and check the TDS Applicable checkbox.
  5. Click Save.

 

Once modified, make sure that the TDS Type you're selecting is correct in the client's invoice. You can enter the TDS amount applicable to that invoice (10% or 7.5%).

 

Also, I've got this handy article to learn more about enabling TDS to customers and suppliers: How to set up TDS.

 

Then you can run TDS reports available in QuickBooks Online like TDS Payable Report and TDS Receivable by following the instructions from the given article above.

 

Feel free to tag me if you have additional questions. I'm always here to help. Have a good one!