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WHT - combined Threshold Limit for invoice and payment type for 194C

Hi All ,

I want to maintain threshold limit for RS 75000 for section 194C . I have already maintain min base amount RS 75000 in both WHT Type(invoice and payment) also select accumulation radio button in both tax type. But system consider this threshold limit separately for invoice and payment type.

As per my client requirement we want to define this threshold limit (RS 75000) combined for both invoice and payment type.

Example--> Post Down payment with RS 30000. Now post the invoice RS 60,000 , here system should calculate the TDS because combined threshold limit is exceed. But system is not calculate the TDS because system consider threshold for invoice and payment type separately . Here invoice tax type

threshold limit is not exceed that is why system is not calculate TDS on this invoice.

Please help to resolve this issue.

Regards

Rohit Singh

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1 Answer

  • Posted on Aug 26, 2015 at 09:00 AM

    Hi Rohit,

    First check the configuration for base amount in the withholding tax type for invoice & payment, here the the base amount for min/max should be at type level, if you have defined at type level.

    Regards,

    Mukthar


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