HOW TO MAKE ENTRY FOR TDS DEDUCTED BY CLIENT

Welcome to the Community space, @gmn1.

I can guide you through the steps in entering TDS (Tax Deducted at Source) in your QuickBooks Online (QBO) account. Let’s enable your TDS so you can make an entry for your client. Here’s how:

1. Go to the Sales or Invoicing menu.
2. Select Customers at the top.
3. Click on the name of the customer for whom you want to enable TDS and click Edit.
4. In the customer information pop up, click on the Tax info tab and enter the PAN number and check the TDS Applicable checkbox.
5. Then click Save.

Once done, you’ll get an option to select the TDS section and enter the amount applicable when creating an invoice.

For more details about this process, feel free to read this article for reference: How to set up TDS.

Let me also share this link that you can use for future guidance in case you need to apply advance payment paid after deducting TDS on a Bill.

Have other thoughts or questions about entering TDS in QBO? Tag me in and I’ll swing back into action. Have a great day ahead!