Automatic posting of With holding tax

[former_member600294]

Hi

While making an entry in TC-F-51 (post with clearing) by selecting transfer posting with clearing under (transaction to be processed) with posting key 31(vendor invoice) the following message appears.

Withholding tax information ignored.Hence the TDS amount is not getting deducted automatically.Pl. advice what i need to do.

Thanks

shivaji

[former_member600294]

Thank you

it is a help full answer

shivaji

[former_member600294]

Hi

please give some solution as there are lot of bills pending to be cleared.

Thanks

shivaji

[durgasankar_innamuri]

Hi,

Can make it little bit clear.

[former_member600294]

Hi

While making an entry in TC-F-51 (post with clearing) by selecting transfer posting with clearing under (transaction to be processed) with posting key 31(vendor invoice).Then i execute process open item the following message appears.

Withholding tax information ignored.Hence the TDS amount is not getting deducted automatically.Pl. advice what i need to do.Or else please advice how the TDS amount is to be automatically deducted while clearing the bill.

Thanks

shivaji

[durgasankar_innamuri]

Hi,

TDS will deduct at two situations one is at the time of bill booking and another is booking receipt which ever is earliest. I think u are doing something other.

May i know why you clearing through f-51

if it is pertainig to special gl transactions then u have to clear it through F-54 then the system automatically reverse the TDS which is deducted at the time of making a payment.

Hope this is clear, if yes assign points, Any problem revert me back

Regards,

Sankar

[former_member600294]

Hi Shankar,

The actual scenariao is like this:

1. Provision for expenses is created with the help of a BDC program which is not the actual expenses.

Dr Expenses A/c 10,000

Cr Vendor Clearing A/c 10,000

2. In F-51, the following entry is passed:

Vendor Clearing A/c Dr 10,000

To Vendor Payable 9000

To Expenses 1000

The purpose of using F-51 is to have a control over the Vendor Clearing a/c.

3. For TDS the following entry is passed manually:

Vendor Payable a/c Dr 9000

To Vendor 8500

To TDS 500.

The REQUIREMENT is to pass the TDS entry in F-51.

Kindly advise any other alternative solutions also.

Thanx

[saikrishna_vallurupalli]

Hi Shivaji,

TDS will be deducted automatically only in case of vendors based on your configuration. but your case your traing to deduct at the time of crediting vendor payable a/c,

first you confirm the vendor payable a/c is reconciliation account or vendor account?

if its vendor account chech the tax codes are assigned are not?

Tax code will be assigned only in case of vendor/customers master only.

please assighn points if its useful

regards

sai krishna