on 06-24-2010 9:50 AM
Dear All
Our client would like to 50% exemption on TDS (for 194c ) for vendor, whose bill values are <= sum of invoice Rs 2Lacs after Rs 2Lacs, the deduction will be calculate 100%. Please advice how to configure the same.
Regards
avijit
Hi,
Please use the Accumulation with Formulation functionality for above requirement.
Reg
Madhu M
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Hi,
Create a new tax code "XD", with 100% calculation.
Go to - Define Formulas for Calculating Withholding Tax
Give the new tax code and type along with Country.
For example if the TDS is 2%, then configure like:
To base amount give 200000, the TDS rate 1% and Dec red.bse.amt 200000
and next entry with Base amount 9,999,999,999.00, the tds 2% and Dec red bse.amt 9,999,999,999.00.
Just chek the settings with different combination of figures, hope this works.
Thanks and regards,
SAP Care
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