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Murtaza Vohra

Extended Witholding Tax Scenario (India)

Posted on Jan 28, 2017 at 07:19 AM 119 Views

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.

FIN Posting and Taxes FIN (Finance) extended witholding tax
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2 Answers

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    Soumya Ranjan
    Posted on Jan 31, 2017 at 07:21 AM

    Hi,

    For configuration part , i think the base amount should be charged of on 60% in stead of 100%.

    Regards

    Soumya


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    Shinas Hamsa
    Posted on Jan 29, 2017 at 01:20 PM

    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

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