TDS 194Q and 194C both section , how to handle in India Localization -Accounts Payable
TDS 194Q and 194C both section , how to handle in India Localization -Accounts Payable , we have many suppliers from whom we taken services as well as material also, as per new section of 194Q we need to deduct lower rate of TDS 0.1% on material and 2% TDS for labour ( 194C -Contractor) , we have huge transactions for both types, so at present we can set single supplier single type of TDS Deduction only , so how we can handle this which is becoming act from 1st July 2021.
JDE -9.1.4
Thanks
Mayank