Hi Experts,
Withholding tax type II
Withholding tax code 02
with TDS rate = 16.995 % is attached in vendor master with exemption rate = 97.5% and
exemp from 19.05.2009 exempt to 31.03.2010
An invoice is posted for this vendor with
Base Amt = 1000000
According to TDS attached and exemption rate,
TDS Amt should be 4238
but TDS that is being calculated is 26427.
Why is this difference?
Please reply.
Regards,
Kaustubh Kabre.