Configuration Set up for TCS

In order to set up configuration for TCS press F11 and then press F3. Set the option "Enable Tax Collected at Source(TCS)" and "Set /Alter TCS Details" as 'yes'. The company deductor/collector details sub screen will appear. Enter the following information there:

• Tax Assessment Number(TAN) : Enter the 10 digit TAN of the company, allotted by the Income Tax Department.
• Income Tax Circle/Ward : Enter the Tax Circle/Ward under which the company is being assessed.
• Deductor/Collector Type : Select the proper option from the given list.
  
• Name of the person responsible : Name of the official of the company who is responsible for collection and deposit of TCS, is to be given.
• Designation : The designation of the person whose named is mentioned in the previous field has to be entered.