TDS/TCS (Withholding tax) setup in D365 F&O

TDS TCS setup in D365 F&O

TDS setup as an essential part of setting any finance-related software in India. In this blog we shall to set the same in Dynamics 365 F&O. This guide is written by a Dynamics expert at DEV IT and shall guide you through everything that needful.

Firstly, to use TDS/TCS feature we have to enable it from general ledger parameters.

General ledger parameters>> Direct taxes>> TAX DEDUCTED AT SOURCE/TAX COLLECTED AT SOURCE >> Activate TDS/TCS

Create TAN and map to manage tax information

Create TAN and map to manage tax information

Create Withholding authority: Tax >> Indirect Tax >> Withholding tax >> Withholding tax authority

Create Withholding authority

Create Withholding settlement period: Tax >> Indirect Tax >> Withholding tax >> Withholding settlement period

Create Withholding settlement period

Create Withholding tax component group: Tax >> Setup >> Withholding Tax >> Withholding Tax component group

Create Withholding tax component group

Create Withholding tax components: Tax >> Setup >> Withholding Tax >> Withholding Tax components

Create Withholding tax components

Create Withholding tax code: Tax >> Indirect Tax >> Withholding tax >> Withholding tax code

Create Withholding tax code

Create Withholding tax code Rate: Tax >> Indirect Tax >> Withholding tax >> Withholding tax code>> Values

Create Withholding tax code Rate

Create Withholding tax group: Tax >> Indirect Tax >> Withholding tax >> Withholding tax group

Create Withholding tax group

Create Designer: Tax >> Indirect Tax >> Withholding tax >> Withholding tax group>> Designer

Create Designer

Enable TDS/TCS calculation in Vendor/Customer: All vendor/Customer >> Invoice tab

Enable TDS/TCS calculation in Vendor

We hope you have now learned to set up TDS/TCS in Dynamics 365 F&O. In case you have any queries, feel free to get in touch with an expert at DEV IT here.

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Darshan Patel

I am a Project Lead at Dev Information Technology Ltd. I have 8 years of Functional & Technical experience in Microsoft Dynamics AX (ERP). I have worked on public and private sector projects. My hobbies include traveling and exploring different places.

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