Tds - How To Create New Company In Saral

  • Select TAN Details

  • Choose Deductor Type

  • Set Assessment/Default Details

  • Save the Company
    Click Save or Create.
    The software will prompt you to confirm – click Yes. how to create new company in saral tds

  • Optional – Add Challan/Deductor Details
    After creation, you can add:

  • Switch Between Companies
    Use Company → Select Company to switch between multiple companies.

    • | Mistake | Consequence | |----------|---------------| | Typing wrong TAN | Return filing will be rejected by TRACES. | | Selecting wrong Form Type | You will be unable to enter certain nature of payments. | | Forgetting to set Financial Year | Deduction entries will show date errors. | | Creating duplicate company with same TAN | Causes confusion in quarterly filings. | Select TAN Details

    Under Section 203 of the Income Tax Act, every TDS certificate must contain the name and signature of the responsible person.

    Click Next.

    In Saral TDS, "Creating a Company" is the first mandatory step before you can begin deducting TDS, generating challans, or filing returns. The software uses the term "Company" broadly to refer to the entity that is deducting the tax (this could be a Proprietorship, Partnership, Company, Trust, or Government Body). Choose Deductor Type

    Saral TDS will ask you to confirm a few operational settings:

  • Book Type: Optional for professionals.

    • Make your selections and click Finish or Save.