Setting Up TDS Organizational Details
To set up your TDS organizational details, use the following components:
Organization Details (ORG_RGSTN_DTL).
Tax Location (ORG_TAX_LOC).
Certificate Numbering (WTHD_CRTFICATE_NUM).
This section discusses how to define income tax registration details and tax location details. It also discusses how to set up automatic TDS certificate numbering.
Note: Setting up TDS organizational details is similar to setting up your organizational structure for excise duty, sales tax, VAT, and customs duty for India.
Page Name |
Definition Name |
Usage |
---|---|---|
ORG_RGSTN_DTL |
Specify a permanent account number (PAN), PAN ward, and PAN circle for TDS processing. |
|
ORG_TAX_LOC |
Specify a TAN number, TAN ward, and TAN circle for TDS processing. |
|
WTHD_CRTFICATE_NUM |
Define the certificate numbering for each PeopleSoft Payables business unit and withholding entity. |
Use the Organization Details page (ORG_RGSTN_DTL) to specify a permanent account number (PAN), PAN ward, and PAN circle for TDS processing.
Navigation:
Field or Control |
Description |
---|---|
PAN Number (permanent account number) |
Enter the number assigned by the income tax authority to identify your organization's tax returns. This number must be a 20-digit alphanumeric value. |
PAN Ward and PAN Circle |
Enter the location of the income tax offices to which your organization submits its taxes. Tax authorities assign these values. Wards and circles can change at the discretion of the income tax authority. |
Use the Tax Location - Tax Location Definition page (ORG_TAX_LOC) to specify a TAN number, TAN ward, and TAN circle for TDS processing.
Navigation:
Field or Control |
Description |
---|---|
TAN Number |
Enter the code assigned to you by the tax authorities that represents the location of the income tax office where your taxes are paid. |
TAN-Ward and TAN-Circle |
Enter the ward and circle associated with your TAN. Tax authorities assign these values. Wards and circles can change at the discretion of the income tax authority. |
Journal Template |
Select the journal template to use to record tax accounting entries for the general ledger business unit. These templates define the summarization rules for creating journals that are passed to the general ledger. |
Use the Certificate Numbering page (WTHD_CRTFICATE_NUM) to define the certificate numbering for each PeopleSoft Payables business unit and withholding entity.
Navigation:
Field or Control |
Description |
---|---|
Pre Fix 1 |
Specify, for example, a company name or a PeopleSoft Payables business unit short name. |
Pre Fix 2 |
Specify, for example, the financial year. |
Start From Number |
Specify a number from which the system begins assigning a ten-digit serial number for each PeopleSoft Payables business unit. Note: Statutory returns must be filed separately for each TAN number. |