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Hi there, praveenkrishnag.
I'm here to share information about Tax Collected at Source (TCS) in QuickBooks Online (QBO).
To record the TCS, you can add a line item in your bill or expense transactions. To do this, you'll need first to create an item that represents TCS by following the steps below:
For more information about adding product and service items, see this article: Add Product and Service Items to QuickBooks Online.
Here are also some resources which you may find helpful in the future:
If you need anything else, feel free to comment down below. I'm here to answer it for you. Have a good day.
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