(IND) Set up withholding tax authorities for TCS tax types
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2
Note
This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.
Click General ledger > Setup > Withholding tax > India > Withholding tax authorities.
Select TCS in the Tax type field to set up withholding tax authorities for TCS tax type.
Press CTRL+N to create a new line on the Overview tab.
Enter a name for the TCS authority in the Withholding tax authority field.
Enter a description for the TCS authority in the Description field.
Select the TCS authority vendor account in the Vendor account field.
Note
The bank name to deposit the TDS amount that is payable to the TDS authority vendor must be defined in the Vendor bank accounts form (Accounts payable > Common Forms > Vendor Details > Setup > Bank accounts). For more information, see "Vendor bank accounts (form)" in the Applications and Business Processes Help.
Press CTRL+S or close the form.