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TDS deduction

Former Member
0 Kudos

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

Accepted Solutions (1)

Accepted Solutions (1)

m_madhu
Active Contributor
0 Kudos

Hi,

Please use the Accumulation with Formulation functionality for above requirement.

Reg

Madhu M

Former Member
0 Kudos

Dear Friend,

You can use the Exempt % as per my understanding after seen your query. If you want to give the 50% exempt on TDS amount.

Put the percentage in the Exempt % coumn in master data for that vendor and try to post the invoice and calcuate your tax amount.

Thanks Dev.

Former Member
0 Kudos

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

Answers (0)