Skip to Content
0
Former Member
May 05, 2012 at 04:49 AM

Regarding TDS in 8.81

42 Views

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?