How To Deduct TDS For Those Suppliers Who Are Not Provided With The PAN Number?
Following is the clarification for the reported issue:
1. Please note that the supplier additional information for this vendor should be created with a dummy PAN No. value (e.g. Notappl )
2. Define a new dummy TDS Section code (eg. Sec. 195 no pan)
3. Then define a default TDS tax code of 20% for the new TDS Section code.
4. Attach the TDS tax code in the Thresholds Setup / Supplier Additional Information.
4. Do the invoice transactions and post invoice validation, system would generate TDS invoice.
5. While generating the TDS Certificates, do not generate the TDS Certificates for the new dummy TDS Section code.
6. Whenever the supplier provides the PAN No.value at a later point of time, the users can use the 'India PAN No update' concurrent program to update the PAN No. value of the Vendors.
1. Please note that the supplier additional information for this vendor should be created with a dummy PAN No. value (e.g. Notappl )
2. Define a new dummy TDS Section code (eg. Sec. 195 no pan)
3. Then define a default TDS tax code of 20% for the new TDS Section code.
4. Attach the TDS tax code in the Thresholds Setup / Supplier Additional Information.
4. Do the invoice transactions and post invoice validation, system would generate TDS invoice.
5. While generating the TDS Certificates, do not generate the TDS Certificates for the new dummy TDS Section code.
6. Whenever the supplier provides the PAN No.value at a later point of time, the users can use the 'India PAN No update' concurrent program to update the PAN No. value of the Vendors.
0