Explain the TDS Procedure & its T.Code

Answer Posted / durgaprasad

TDS means Tax deducted at the source. It is called as Withholding Tax in USA.

THERE IS NO T-CODE FOR TDS, IT IS DONE IN IMG SCREEN.

TDS IS CALCULATED ON THE BILL AMOUNT AND SERVICE TAX IS CALCULATED ON THE TDS AND EDUCATION CESS IS CALCULATED ON (TDS+ S.T)

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