Withholding tax

[Former Member]

Hello All,

Can someone please tell me the difference between extended withholding tax and normal withholding tax. And under what scenarios we will use these two.

Thanks

Anil

[Former Member · Accepted solution]

Hi Anil

see below what you asked

Classic Withholding Tax (All release)

Extended Withholding Tax (from release 4)

*S.No Particulars Classic Extended1* Withholding Tax on Outgoing payment Yes Yes

2 TDS on Incoming payment Yes

3 TDS at the time of Invoice Yes

4 TDS on partial payment Yes Yes

5 No. of withholding tax from each document Max 1 Several

6 TDS basis

6.1 Net amount Yes Yes

6.2 Gross Amount Yes Yes

6.3 Tax Amount Yes

7 Rounding rule Yes

8 Cash discount consideration Yes

9 Accumulation Yes

10 Minimum/Maximum amt and exemption Yes

11 Certification Numbering Yes

12 Calculation Formula Yes Yes

Regards

Srinivas

Edited by: srinivas rao on Sep 16, 2008 8:19 AM

[Former Member]

Hii..

Regards,

aakash

[Former Member]

Hi Anil,

TDS 2 types

1 Classic or Normal : SAP Introduced in India 1995

1996, 97, 98,99,2000 if there is any changes the company will provide program called patches or hot packs

2 Extended : Instead of patches/hot Packs Company provides original program with additional program (Because patches are more than original program)

TDS is applicable other than salaries

Contacts - 194C

Professional charges u2013 194J

Rent u2013 194I

TCS u2013 Scrap sales/waste sales (to collect at source)

Regards

Surya

[Former Member]

Hi,

The post is already discussed so many times in the forum. Please go through the following threads:

Regards,

Satish Muvva.