on 04-12-2010 6:37 AM
Hi All
I want to make customization of TDS for Section 192 B. I want to know the necessary steps.Please Guide me.
Calculation Percentage is AS PER CALCULATIONS.
Regards
Rahul Bhardwaj
Hi,
You need to maintain configure Withholding Tax in the following menu path:
Fin.Acc -> Fin. Acc. Global Setting -> Withholding Tax -> Extended Withholding Tax -> Basic Settings -> Calculation -> Withholding Tax Type -> Define Withholding Tax Type for Invoice Posting
Click on new entry,
In that you can maintain withholding tax as E1 and Name 194c - contractor.
and maintain the Accumulation type as monthly Quarterly or Yearly as you want.
Then assign the withholding tax code in that vendor master.
Try. If you have doubt on this revert me back.
Regards,
Mohan
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