Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
TDS Section mapping using India localization bundle
The NetSuite India Localization bundle provides functionality to associate TDS section codes with section-specific Chart of Accounts (COA).
In Setup > Tax > Tax Types, NetSuite allows mapping a default TDS account for the Tax Type “Tax Deducted at Source” by selecting the nexus and TDS account.
In Setup > India Localization > Configuration, under the Tax Deducted at Source subtab, we can select the nexus, section code, and section-specific COA.
Observed Behavior:
When creating vendor bills using sections and nexus as per the Configuration page setup, the posting is happening against the TDS account defined in the Tax Type page instead of the section-specific account defined in the Configuration page.
0