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Former Member

Tds " urgent

Hi Guru's

My Client is asking

Tds Contractors Total Percentage 2.26

Ok

When ever contractor get certificate throught income tax officer

my client deduct 1 (or) 0.10 (or) 0.20

like lot of percentages is there

but, there no fixed

where can i do configration

pls suggest

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3 Answers

  • Best Answer
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    Former Member
    Aug 17, 2007 at 09:08 AM

    Hi sai,

    Those TDS exemptions are vendor based. So assign in Vendor master record under withholding tax tab. There u have to assign those under withholding tax tab.

    Specify like Tax codeTax typeChoose liableReason(optional)Exemption %+ Exemption from+Exemption to Periods. (Xk01 or Fk01)

    Hope this is help full, if yes assign points, any problem reply me.

    Regards,

    Sankar

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    Former Member
    Aug 17, 2007 at 09:05 AM

    hello prakash,

    use t.code- j1insur1

    and follow the path

    spro>fin a/c>basic setting>witholding tax>extended wt>calculation>wt taxcode>define

    here u will find the per. rates of taxes

    please reward points

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    Former Member
    Aug 17, 2007 at 12:38 PM

    First the tax codes need to be defined under the extended with holding tax functionality.

    Also assign the tax code under withholding tax tab in the vendor master records. U can define specify details like Tax code, Tax type and details of exemption along with the period and reason .

    Reward points if useful

    Regards

    Sanil

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