Setting Up Tax Information in Vendor Records
To calculate TDS on vendor bills, you must set up tax information in your vendor records first. You can use the Administrator role for to complete the procedure.
To set up tax information in a vendor record:
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Go to Lists > Relationships > Vendor.
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Click Edit beside the vendor record you want to edit.
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Click the Financials subtab.
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Under the Tax Information section, in the PAN Availability field, select the vendor’s Permanent Account Number (PAN) status from the following options:
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Applied – Select this option if the vendor has applied for a PAN but doesn’t have the number yet.
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Invali – Select this option if the vendor’s PAN isn’t in the correct format.
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Not Available – Select this option if the vendor doesn’t have a PAN.
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Available – Select this option if the vendor has a PAN.
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In the Permanent Account Number (PAN) field, enter the vendor's PAN if it's available.
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In the Reference Number field, enter a reference number if the PAN status is Applied, Invalid, or Not Available.
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In the Tax Identification Number (TIN) field, enter the TIN.
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Check the Non-Resident Indian box if the vendor isn’t an Indian resident.
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Click Save.
After you set up tax information on vendor records, map TDS tax types. For more information, see Mapping TDS Tax Types