Skip to Content

Hi, We have issued bonds and have a requirement to deduct TDS on interest paid on bonds.

The accounting treatment is interest Dr to TDS cr customer

Please let me know how can we make this. This is issue of bonds mapped through securities

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

1 Answer

  • avatar image
    Former Member
    May 01 at 04:39 AM

    Dear Experts,

    Please assist the above issue on any one, same issue i facing now.

    We need to deduct the TDS 10% on Nominal Interest, required on Particular Deal (Transactions) levels. We have done all the configuration is correctly for TDS which needs to deduct from particular investor (BP Counter Party) Nominal interest through deal level, So we are maintained BP level Customer withholding Tax

    For Example: Deal (Transaction) number is 264 is required for TDS (10%) deduction and Next Deal (Transaction) is 265 is not required for TDS deduction. So we have maintained like BP level and Table level for TDS deduction 10% on nominal interest.

    Kindly help on that if anything missing from my end. Bit urgent

    Thanks

    Srinivasarao K

    Add comment
    10|10000 characters needed characters exceeded