11/23/2017 Accumulation in TDS

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Accumulation in TDS
Hi,

In TDS accounting, there is a requirement, that in Rent- Sec 194I, if rent payment exceeds Rs. 180000 p.a.
for each party, then only the TDS would be deducted.

Is there any solution or any document posted in SCN for this scenario?

BR, Sakshi.

Tags: sap_erp_financials, enterprise_resource_planning, withholding_tax

https://archive.sap.com/discussions/thread/3308453 1/4
11/23/2017 Accumulation in TDS

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Sakshi Agarwal (https://people.sap.com/sakshi.agarwal)

March 25, 2013 at 12:12 PM
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5 replies

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Sakshi Agarwal (https://people.sap.com/sakshi.agarwal)replied February 15, 2013 at 06:21 AM

Hi,

Is there any solution on this please?

Regards,

Sakshi

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Vinod Gorantla (https://people.sap.com/vinod.gorantla2)replied February 15, 2013 at 06:42 AM

Hi Sakshi,

in Define Min/Max Amounts for Withholding Tax Types, maintain minimum base amount. i
think it will solve ur issue.

Thanks and Regards,

Vinod Gorantla
https://archive.sap.com/discussions/thread/3308453 2/4
11/23/2017 Accumulation in TDS

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Sakshi Agarwal (https://people.sap.com/sakshi.agarwal)replied February 15, 2013 at 13:01 PM

Hi Vinod,

The Base amount is for a single bill or on accumulation?

The requirement is that, if a Vendor is submitting multiple bills, then say upto Rs.1,80,000
system should not deduct anything, but the moment he submits a bill which exceeds,
180000.. system should deduct TDS on all the bills submitted by him with retrospective
effect..

How is this possible?

Sakshi

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Vinod Gorantla (https://people.sap.com/vinod.gorantla2)replied February 15, 2013 at 13:58 PM

Hi Sakshi,

Try. it will work on multiple bills submitted. once amount reached minimum base amount
System will calculate on entire amount ( Past bills and Present bill).

Thanks and Regards,

Vinod Gorantla

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11/23/2017 Accumulation in TDS

DIPTADHI BHATTACHARYYA (https://people.sap.com/diptadhi.bhattacharyya)replied

March 25, 2013 at 12:12 PM

Hi,

(1) While maintaining Withholding Tax Code for Rent, in

With/tax rate field do not maintain any percentage under
Calculation. There also tick on the Withholding Tax formula
[W.tax form.] for calculating TDS amount according to formula

(2) Then maintain formulas for Rent under Financial Accounting

Global Settings - Withholding Tax - Extended Withholding Tax -
Calculation - Withholding Tax Code- Define Formulas for
calculating Withholding Tax

There maintain the following :

Currency - INR

Withholding Tax Type - Give Withholding Tax Type for Invoice

for Rent

Withholding Tax Code - Give tax code for Rent

Withholding Tax Country Key - give IN

Valid from - Give validity date

Now go to "TO base amount"

Give 180000 and Withholding Tax rate 0

Then 999999 and Withholding Tax Rate 10%

and Save

This will solve your issue

Regards

Diptadhi

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