Financial - JDE1 (MOSC)

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Indian TDS calculation accumulated in same year - AP entry P0411

in Financial - JDE1 (MOSC) 3 commentsAnswered

Hi

As part of the config for a new Indian entity - I have run across an issue with TDS (Tax Deducted at source) and wonder if there is some configuration which I have missed. To identify the issue please consider the following example - all for the same supplier and all in the same financial year

Settings on the P75I10A - Ceiling for the year = 100,001 / Ceiling per invoice = 30,001 , Type = C (Contractor) , TDS rate = 2% (I believe these settings are per the current settings as per Indian Tax authority)

Transaction 1 : 45,000 (over 30k ) hence TDS correctly calculated at 900 (Correct)

Transaction 2 : 20,000 (Annual less than 100K) no TDS calculated (Correct)

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