TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. 

With Giddh, you can easily create TDS by following these steps.

  • Click on Manage Groups & Account on the left side of your Giddh accounting screen.
  • Select Duties & Taxes from Current liabilities.
  • click on Create New  and Choose Create A/C option.

  • Add the appropriate details in Account Name and click on Save.
  • Now head to Settings>Taxes.
  • Choose Others from the Select Tax drop down menu.

  • In the Linked Account drop down menu choose the new tax you created which will be populated only if you have followed the steps mentioned above
  • Fill in other important details such as Unique No., Name,Tax Filing Date, its duration and its percentage rate(in negative).
  • Click on Add and voila! Your TDS has been added to your account.

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