When Income Tax Department updates the TCS rates, how do I handle those changes in Zoho Books?

You can create a TCS rate and set an applicable period for that TCS rate such that they are valid only for that particular period. To create a TCS rate with an applicable period:

• Go to Sales on the left sidebar and select Invoices.
• Click + New to create a new invoice, or select the invoice to which you want to apply TCS rate and click Edit.
• Enter all the necessary details and scroll down to the Total section.
• Choose TCS and click Manage TCS from the Select a Tax dropdown.

• Click + New TCS Tax in the pop-up window.

• Enter Tax Name, Rate, and select the Nature of Collection.
• Mark the This is a Higher TCS Rate checkbox, if you’re adding a higher TCS rate and select a reason for it in the Reason for Higher TCS Rate dropdown.
• Select a Start Date and an End Date for TCS rate under Applicable Period.

• Click Save and the period will be created. Once the applicable period ends, the status of the TCS Rate will be Expired.

Edit the Applicable Period of a TCS Rate

To edit the applicable period of a TCS rate:

• Go to Sales on the left sidebar and navigate to Invoices.
• Select the invoice that you want to edit and click Edit on the top bar.
• Scroll down to the total section and click Manage TCS from the dropdown next to TCS.
• Hover through the TCS rates and click the Edit icon in its row.

• Change the Start Date or the End Date according to your preference.

The TCS rate will be saved with the start date and end date you’ve selected.