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Former Member
Feb 10, 2009 at 01:57 PM

TDS: Payment TDS code not Accumulating

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Hi,

For TDS deducted from Vendor Payment, i want to accumulate TDS deduction up to certain amount as defined in maximum amount for TDS.

Accumulation Functionality is working fine in case of Invoice TDS code and system is not deducting tax till invoice accuulate up to amount defined by me

But the same functionality is not happening in case of TDS deducted at time of payment with payment TDS code though i have configure and selected radio button for accumulation in case of paymen tds code.

Ex- Law says , tds will be started deductiong when total invoice amount is more then 50000.

1st invoice booked Rs 10000-- No TDS is deducted

2nd invoice booked Rs 30000- No TDS is deducted

3rd Downpayment made Rs 5000- TDS deducted at time of advance payment.(Error)

Why tds is deducted at time of advance payment though total invoice still not reached to Rs 50000

for invoiceing tds is not getting deducted till 50000 but for downpayment it is deducted even not reached 50000.

Appreciate early response to this.