Financial Management - PSFT (MOSC)

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Withholding Tax (TDS India) percentage

edited Oct 27, 2019 5:08AM in Financial Management - PSFT (MOSC) 3 commentsAnswered

Hi,

I have a supplier with lower withholding tax certificate due to which it is liable to TDS u/s 194I at a rate of 3% instead of the usual 10%.

Is there a way I can override the withholding percentage without creating a new rule?

Supplier can have any percentage depending on its agreement with TDS authority but its withholding class remains same. Thats why creating new rule for every new percentage is exactly a optimized method ?

Please suggest.

Thanks,

Vaibhav

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