Setting Up Section Code for Tax Deduction at Source
The section code determines the Tax Deduction at Source (TDS) tax rate rule that will apply to a transaction. The India Localization Tax Engine SuiteApp already includes the common section codes for TDS. However, the administrator can create new section codes if required. Only Administrators can create, edit, inactivate, and delete section codes:
- Creating Section Codes
- Editing Section Codes
- Inactivating Section Codes
- Deleting Section Codes
Creating Section Codes
Only Administrators can create new section codes. To create a section code:
- Go to Customization > Lists, Records, & Fields > Record Types.
- Locate India Tax Section Code for TDS and click the New Record link for it.
- Enter values for the following fields:
- Section Code – Enter a unique code and name for this record.
- Challan Code – Enter the code for challan payment.
- Click Save.
Editing Section Codes
Only Administrators can edit an existing section code. For example, if a code or name changes, you must manually update the section code and challan code fields on the record. To edit an existing section code:
- Go to Customization > Lists, Records, & Fields > Record Types.
- Locate India Tax Section Code for TDS and click the List link for it.
- Click Edit next to the section code you want to edit.
- Click Save
Inactivating Section Codes
Only Administrators can make a section code inactive. The inactivated section codes will not appear in
the India Tax Section Code for the TDS list. In addition, you cannot select the section codes on transactions,
reports, and records.
To inactivate an existing section code:
- Go to Customization > Lists, Records, & Fields > Record Types.
- Locate India Tax Section Code for TDS and click the List link for it.
- On the India Tax Section Code for TDS List page, check the Show Inactives box.
- In the Inactive column, check the box next to the section code you want to inactivate.
- Click Submit.
Deleting Section Codes
Only the Administrator can delete a section code. The deleted section codes will not appear in the India Tax
Section Code for TDS list. In addition, you cannot select the section codes on transactions, reports, and
records.
To delete an existing section code:
- Go to Customization > Lists, Records, & Fields > Record Types.
- Locate India Tax Section Code for TDS and click the List link for it.
- Click Edit next to the section code you want to delete.
- Click the Actions menu and select Delete.
- Click OK to confirm the deletion of the section code record.