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Former Member

Lower Deduction Certificate - TDS Vendor (migration in middle of year)

Hi Experts

We are planning to activate lower deduction certificate functionality in middle of the year. For this, I want following inputs:

1. What should be amount of threshold limit to be filled in vendor master --> CIN details. For eg: LDC thresshold limit was Rs.25,000. During year Rs. 18,000 was already consumed till 19th December.

Now we want to golive from 1st January onward. What should be amount populated in vendor masters

2. If there is any advance adjustment, document reversal (which is related to prior scenario), how it will impact. How to handle these scenarios

3. What about LDC details (exemption certificate) details mentioned in WHT screen of vendor master.

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Deepak

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