Interested to Buy Any Domain ? << Click Here >> for more details...
About Complete Withholding Tax ? What is Client Requirement is
there ? Business Things ?
- 2 Answers
- 8613 Views
- CA, PWC, I also Faced
- E-Mail Answers
Answer Posted / sireesha
The Withholding Tax configuration enables the system to calculate and report TDS in India. The standard functionality is mainly used in withholding of tax from vendor invoices and depositing the same with the tax authorities.
The basic withholding tax settings for India (Country India Version) will include the following sub processes which are commonly used within the main process.
Defining withholding tax keys
Defining branch offices (Section codes)
Defining withholding tax type invoice & payment posting
Defining withholding tax type for ECESS at Invoice posting
Maintaining surcharges
Defining withholding tax codes
Defining GL accounts to post the withholding tax
Maintenance of number ranges for tax certificates and Challan
please click on the bellow mentioned Link
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
Hi, i heard that indian banks will not support electronic bank statement. If it is right, in lock box procedure every bank should send the statement in an electronic file right? How will they manage it?
Explain ‘field name for partitioning’ in co-pa : co-pa
Define the term "fiscal year"?
In gl master, we have a option “balance in local currency” and “account currency”. What does it mean?
What is the difference between set screen and call screen?
What happens when you post to year 2006 when you are in 2007?
1. how can see that how much the vendor is owed 2.how do u reverse a MIRO invoice 3. how do u pay vendor in foreign currency
What are statistical internal orders? : co-pa
In customizing "company code productive" means what? What does it denote?
What are the 3 errors that you must have faced during Support?
Hi all.... Please explain to me... what G/L account should I maintain / create If I want to do the intercompany transfer asset - no revenue. and if I want to do the intercompany transfer asset - Net Book Value. What is the different between this 2 method. My company's requirement is ... 1. Transfering the asset on company A to company B, example Asset 1 - acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated depreciation till 31.12.2007 : 10 so the net book value is 90, useful life 4 years the company wants to transfer this asset in company B. is it possible to transfer all the data just like I explain above : acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated dep = 10
In accounts receivable, what is the difference between the 'residual payment' and 'part payment' methods of allocating cash?
What are automatically set in the asset masters during initial acquisition? : fi- asset accounting
re: when i am posting insharecapitalpaid i received one message that is there is no item is assigned to this account (bankaccount)/company code
Hi, Here is an interview question. What are errors we will face in FI-MM, FI-SD, COPA integration. How u will solve. Sravan
