Regarding TDS in 8.81

[Former Member]

Dear experts

In 8.81 what is new document Withholding tax descripes following

 

The report now displays the withholding tax information in

the same way for invoices or manual journal entries that have been reconciled with outgoing payment as it does for those that have been paid by outgoing payments.

 

In manual reconciliations, both the applied amount and withholding tax amount need to be reconciled.

 



You must use the same Payment category withholding tax code (and the same tax account for it) in all transactions during reconciliation.

　

What does it mean for or can i do TDS deduction in Journal entries itself?

[former_member186095]

Hi,

you may check this thread:

http://scn.sap.com/thread/1645516

you may also check the solution part of the sap note belows:

1496932  - LOC_IN_Not able to use TDS functionality in 8.8 version

Version   4   Validity: 05.04.2011 - active Language   English

Content:      Summary    |    Header Data    |    References    |    Validity    |    Attachments 

Symptom

Customer was using TDS Functionality (withholding tax) for India in the pre- 8.8 version through a third party TDS Add-on.

After upgrade to SAP Business One 8.8 version, the user has to use TDS Upgrade Tool to upgrade the add-on data.

 

Cause

Consulting

 

Solution

Customer already using the Withholding Tax functionality in SAP Business One pre - 8.8 versions have to use the "TDS upgrade utility tool", available free of cost at SDN forum to upload TDS related transactions from previous versions.

It comes with a How to guide. The tool can be downloaded from here:

www.sdn.sap.com -> SAP Business One -> Under the topic Business One Knowledge Center: Select SAP Business One 8.8 Version -> Under the Topic Tools: Select the option Tax Deduction at Source (TDS) Upgrade Utility.

All users of SAP Business One 8.8 should read How to Guide-Tax Deducted at Source and How to Guide- TDS upgrade utility before migrating TDS related data to 8.8.

The How To Guide - 'Tax Deducted at Source' is available in the Document Resource Center:

http://service.sap.com/smb/sbo/documentation-> How-To-Guides-> Documentation Resource Center for Release 8.8.

In order to upload the TDS related transactions, an Excel Template has to be prepared in a predefined format. Please see the attached query that can help to extract the data from SQL.

Please note that the users might have to modify the query depending on add on table names in the database.

 

Other terms

TDS, Tax deducted at source, Withholding Tax, OWHT, India, setup, Tax liable, Financial year, SAP Business One.

   
       

Header Data

Released on	05.04.2011 05:57:14
Release status	Released for Customer
Component	SBO-LOC-IN India
Other Components	SBO-ADM-SET-FIN Financials
Priority	Recommendations/additional info
Category	Consulting

  
      

References

This document is referenced by:

   SAP Business One Notes 

1635756

System error when run TDS Upgrade Utility Tool

 
   
      

Validity

Software Component	Version
SAP BUSINESS ONE	8.8

   
      

Attachments

File Name	File Size (KB)	Mime Type
Query.txt	21235	text/plain

    

JimM