Tds on provisions
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.
Venkatesh A K replied
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