Tds on provisions

[Former Member]

Hi Gurus,

Please tell me what needs to be done for deducting Tds on provisions and then provide tds certificates to vendors.

What is the complete process and what configuration needs to be done???

Please revert asap.

Thank You

[Former Member · Accepted solution]

Dear Friend,

TDS is to be deducted at the time of the invoice creation or at the time of the payment of the invoice. As per the act, there is no need to deduct the TDS at the time of provision.

Hope that clarifies. Assign points if useful

Regards

Venkatesh

[Former Member · Accepted solution]

Hi,

There is a facility in system for deducting TDS on provision but i just want to know how can i do it??????

Thank You