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Former Member
Jul 15, 2014 at 03:07 AM

TDS not charged for Interest Calculation


Hey Guys, I'm configuring TDS charged for interest calculation. We have a vendor for whom we owe an amount and we are paying interest for it. When I calculate Interest using F.44 for the amount, the interest is getting calculated and also getting posted to the vendor account. But, the TDS (which is 20% on the interest amount) is not getting deducted. When I run F.44 it is creating a batch input and that is creating a KA type document for interest posting to the vendor account. I guess in the batch run the Withholding Tax Type and Withholding Tax Code are not getting invoked when creating interest document for the vendor.

Any help appreciated.