The ability to track TDS is only available in Plus versions. If you cannot see this feature and tax is set up in the Tax Centre, upgrade to Plus to be able to track your TDS.
Tax Deduction at Source (TDS) may be required before paying your taxes if you do business in India and you pay salaries, interest, dividends, rent, commission/brokerage, technical/professional fees, royalties, or payments to non-residents or foreign companies.
If you make an error when filing your TDS, you cannot simply make an adjustment in the following month. You must inform the Income Tax Department and follow the procedure they outline.
In India, in any service or goods payment transaction, the person or company making the payment must deduct TDS, retain it, and file it to the Government on monthly basis. Then, that person or company must file the returns on quarterly basis. Failing to do so, may attract penalties ranging from Rs. 10 to Rs. 50 per day.
QuickBooks has certain work flows for creating a bill and creating an invoice. Ensure that whenever an invoice is generated, TDS is included in the invoice and the correct accounting entry is made in the records.
For more information about TDS compliance and its applicability, consult your accountant.
TDS is also applicable to advance payments.