How to record TDS receivable?

When TDS is deducted, it is important to record it as a receivable in the books of accounts until it is either adjusted against the tax payable or refunded. Properly accounting for TDS receivable ensures that the society can track the amount of tax deducted and claim it efficiently when filing tax returns. 

Please refer to the below-mentioned steps to record the TDS receivable:

1. Go to Accounts, then select "Dues tracker" under Dues and Receipts.

2. Select the unit and building details then click on the flat number.

3. Select the invoice against which you want to record TDS receivable, then click on "Settle".

4. Click on "Book TDS receivable"

5. Add the TDS Account, then add a section and sub-section, then click on submit.