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Former Member

Calculate TDS while using FINTAP

We have a requirement to calculate TDS using Tcode FINTAP. Our Client has a requirement to calculate Interest on Open Items & TDS to be calculated on the Interest component using the system.

We have done the required config for Interest for FINTAP but TDS is not getting calculated. on debugging we found out that Tax amount in that report comes from Taxes on Sale & purchase Tax codes maintained in Taxinn Procedure.

Kindy help to resolve this issue.

Thanks & Regards,

Pooja Saraf

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5 Answers

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    Former Member
    Feb 28, 2017 at 06:32 AM

    Hi Pooja,

    For which country are you trying to setup calculation of TDS with FINTAP.?

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  • Feb 28, 2017 at 08:41 AM

    Hi Pooja,

    Have you assigned w.h.tax code for the type in the below highlighted node?

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  • Feb 28, 2017 at 10:44 AM

    Hi Pooja,

    Have you maintained the TDS codes in the vendor master? And also check if any thresh hold limits maintained for it.

    Regards,

    Mukthar

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    • Former Member

      Hi Mukhthar,

      I have maintained TDS codes in vendor Master & there are no limits maintained.

      There are Inter company borrowings in my client's company. So he wanted to have config for Interest on Loan (Out standing Amount), whihc we have done in Tcode FINTAP.

      Interest is being calculated properly but another requirement is TDS should aslo be calculated on the Interest Part.

      Eg: Out Standing Loan Amt - Rs,1,00,000

      Interest @ 18% - Rs.18,000

      TDS on Interest u/s 194A - Rs.1,800 (18,000@10%)

      Kindly Help.

      Thanks in Advance.

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    Former Member
    Mar 02, 2017 at 05:08 AM

    Hello All,

    Any help on my issue.

    Thanks & Regards,

    Pooja Saraf

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    Former Member
    Mar 03, 2017 at 11:30 AM

    Hi,

    Recently i have configured FINTAP and there is no need to maintain tax code in config. You have to check below points.

    ØTDS has been maintained for vendor.

    ØCheck Field status group for vendor reconciliation GL/special GL recon (if posting is happening through special Gl) under taxes > Withholding tax – Opt.

    Withholding tax amount – Opt.

    ØCheck the same(FSV) in posting key setting.

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