Withholding Tax Deduct at the time of customer payment ?

[Former Member]

Hi all,

We have scenario that we have to deduct withholding tax at the time of payment of interest to customer ?

Regards,

Kalpik Shah

[former_member207607]

Dear Shah,

first You have to create a wt type at payment time and then the wt code with the percentage.

then You have to go to:

img --> Maintain Withholding Tax Code for Interest Document

here You have to link the WT code for interest calculation to the WT type.

Then You have to insert the wt type and code into the customer master data.

Then when You run FINT and create the interest document, this will contain the WT data.

The WT amounts will be created when the interest document will be paid.

I hope this can help.

Mauri

[Former Member]

Dear Maurizio,

Thanks for reply. My requirement is that I have to pay interest payment in advance before booking of expense. At the time of making payment, I want system deduct withholding tax from customer. As per our current configuration, system not deduct TDS at the time of payment to customer. The same functionality available in the case of payment to vendor.

I hope, now you clear on my requirement.

Regards,

Kalpik