TDS Calculation in F110

[Former Member]

Dear Gurus,

My scenario is

1. I made a Down payment for Rs.65000. TDS has been deducted durinf Payment.

2. then i made a invoice for 100000, with TDS deduction made at the time of Invocie.

3. When i Run F110, The TDS of Rs.65000 is not reversed. So, the Vendor is paid less amount.

There is Tab as Recalculate TDS in EDIT PROPOSAL, but it is not doing it here also.

Can anybody please suggest as how to adjust TDS in F110?

Regards

Jaya

[Former Member · Accepted solution]

Hi

I think you are using Central Inv. Prop method of TDS.

ie in define withholding tax type for Payment posting Central Inv. prop radio button is selected.

advance -- TDS deducted

invoice -- TDS deducted

f-54 -- TDS Reversal takes place.here you have to double click the item and see amount will come in Transfer Posting field in last column and simulate.

If no central invoice radio button is selected, in f110 TDS will be Reversed.

Try to do F-54, before f110.

Regards

Venkat

[Former Member · Accepted solution]

Can you please tell me where i can find the central nvoice Radio button to deselect?

regards

jaya

[sanilbhandari]

Hi

TDS adjustment happens when the invoice is adjusted against the advance made through T Code F-54. Also at the time of invoice you have yo remove the tax code for TDS on payment Posting

regards

Sanil Bhandari