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Tds " urgent

Former Member
0 Kudos

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

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

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

Former Member
0 Kudos

Hi Guru's

Thanks a lot

I assigned points also

I am very happy

U r good suggestion

Answers (2)

Answers (2)

Former Member
0 Kudos

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

Former Member
0 Kudos

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