Skip to Content
avatar image
Former Member

TDS Problem - Account Determination

Hi,

I have assigned one tax type with tax code with a particular vendor. I have assinged TDS account for deduction of tax at the time of payment. But I am facing few problems,

1. Suppose I am paying 100/=, the system is deducting 2/= tds but populates

Vendor - 100/= Dr.

Rent - 2/= Dr (Wherefrom this is coming I failed to understand)

TDS - 2/= Cr

Bank - 100/= Cr

Now what I want is,

Vendor - 100/= Dr

Bank - 98/- Cr

TDS Payable - 2/= Cr

Where is the mistake, can anyone elucidite me on this?

Thanx

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

3 Answers

  • avatar image
    Former Member
    Aug 20, 2007 at 05:21 AM

    Hi,

    In your tax code to tax type configuration, you have the select "1" for posting, If you select "2" , it is grossing up.

    Please check the settings. Assign points as way of thaks.

    Thanks

    Dasa

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member

      Hi,

      Suppose I am posting 100/= payment for a vendor. Now I want to deduct tds say 5% on that. Now while posting by t code F-53 I want a posting like,

      <b>

      Vendor Dr - 100/=

      Bank Cr - 95/=

      TDS Payable - Cr. - 5/=</b>

      But I find the TDS is not getting deducted from the Vendor payment amount and bank is getting a posting for 100/= (not 95/=), and 5/= goes to Payment Diff A/c. The posting that is taking place is as follows,

      Vendor Dr - 100/=

      Bank Cr - 100/=

      TDS Payable - Cr. - 5/=

      Payment Diff - Dr - 5/=

      Can you enlighten me on this issue.

      Thanks

      Message was edited by:

      anirban bardhan<b></b>

      Message was edited by:

      anirban bardhan

  • avatar image
    Former Member
    Aug 20, 2007 at 05:35 AM

    hi

    It may the Terms of payment you have used for the vendors

    you please make the Terms of payment field blank and again try to calculate

    Thanks

    Ansuman

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Aug 20, 2007 at 06:19 AM

    you can check the account assignment in the t.code OBWW. may be it solve your problem........

    check there any rent account is assigned...

    Raghav

    Add comment
    10|10000 characters needed characters exceeded