Getting Started with TCS

To get started, you have to enable the Tax Collected at Source (TCS) module in Tally.ERP 9 and enter your company's registration details.

To Enable Service Tax

1. Go to Gateway of Tally > F11: Features > Statutory and Taxation.

2. In the Company Operations Alteration screen, set Enable Tax Collected at Source (TCS) to Yes.

3. Enable the option Set/alter TCS details.

The Company Operations Alteration screen appears as shown below:

4. Enter the TAN registration number.

5. Enter the Tax Deduction Account Number (TAN).

6. Select the Collector Type.

7. Enable the option Set/alter details of person responsible.

   Enter the details as shown below:

   

8. Press Enter.

9. Enable Ignore IT Exemption Limit, if required.

10. Press Enter.

The TCS Collector Details screen appears as shown below:

11. Press Ctrl + A to save the details.

For more TCS configurations, click here.