Hi there, @Mehta S. I'd be pleased to outline the steps below so you can use TDS in your QuickBooks Online (QBO).
To begin, here's how:
- Go to Expenses.
- Select Suppliers at the top.
- Select the supplier name for whom you want to enable TDS and select Edit.
- In the supplier information pop-up, enter the PAN number and select the TDS Applicable checkbox.
- Once you select the TDS Applicable checkbox, you'll have the option to select Entity Type and default TDS section applicable to the supplier. Please select relevant options. TDS will be calculated for the supplier according to the threshold prescribed under the selected section during entry of a Bill or Expense. However, if you want to override the threshold and enter the TDS amount manually, please select the checkbox, which reads Override Calculation Threshold.
- Select Save.
Once TDS is enabled for a particular supplier, you can create invoice for that supplier and you'll get the option to select TDS section and enter the TDS amount applicable in that invoice or other sales form.
Feel free to visit this article for more information about setting up TDS in QBO: How to set up TDS.
In case you'd like to make personalisation with your sales form, visit this article for the steps: Customise invoices, estimates, and sales receipts in QBO.
You're always welcome to post here again if you need help performing specific tasks in QuickBooks. Our dedicated team of experts is available 24/7 and would be glad to assist you once again. Thanks for choosing QuickBooks. Take care, and have a nice day!
