on 08-17-2007 9:58 AM
Hi Guru's
My Client is asking
Tds Contractors Total Percentage 2.26
Ok
When ever contractor get certificate throught income tax officer
my client deduct 1 (or) 0.10 (or) 0.20
like lot of percentages is there
but, there no fixed
where can i do configration
pls suggest
Hi sai,
Those TDS exemptions are vendor based. So assign in Vendor master record under withholding tax tab. There u have to assign those under withholding tax tab.
Specify like Tax codeTax typeChoose liableReason(optional)Exemption %+ Exemption from+Exemption to Periods. (Xk01 or Fk01)
Hope this is help full, if yes assign points, any problem reply me.
Regards,
Sankar
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First the tax codes need to be defined under the extended with holding tax functionality.
Also assign the tax code under withholding tax tab in the vendor master records. U can define specify details like Tax code, Tax type and details of exemption along with the period and reason .
Reward points if useful
Regards
Sanil
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hello prakash,
use t.code- j1insur1
and follow the path
spro>fin a/c>basic setting>witholding tax>extended wt>calculation>wt taxcode>define
here u will find the per. rates of taxes
please reward points
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