Hi,
I was asked a question in an interview and i wasn't able to answer that. Hope any one here might be able to help.
Question : How the configuration will be done in Extended witholding tax (India) where invoice is raised of rs 10000 and charging tax only on 6000.
Hi,
For configuration part , i think the base amount should be charged of on 60% in stead of 100%.
Regards
Soumya
Thank you for the answer.
TDS at the time of invoice Posting..
If i understood Your Question;
Expenses Dr. 10,000
Vendor Cr. 6000
TDS Cr. 4000
Could you elaborate your Question, Plz
no,
if Suppose 10% TDS is deducted then what i am asking is
Expenses Dr. 10000
Vendor Cr. 9400
TDS cr. 600
(TDS being charged only on 60% of the invoice amount)