Skip to Content
0
Former Member
Feb 17, 2011 at 12:43 PM

witholding tax

97 Views

Dear all,

I want the system to calculate TDS only after the invoice exceeds certain basic amount. And the basic amount arrives on cumulative basis after a chain of invoices. For example -say the TDS to be deducted only if the invoices exceeds Rs 5000 and if each invoice value is of Rs 1000 each, I want the system to deduct tax from sixth invoice since Rs 5000 is covered in the previous five invoices.

So please can anybody help me by suggesting how I can configure to give the above effect?

Thanks-

SAMRAT