Scenario: Please arrange to create configuration for TDS 1% for 194IA applicable from 1st June
Solution: IMG -> Financial
Accounting -> Financial Accounting Global Settings-> Withholding Tax->
Extended Withholding Tax -> Basic Settings -> Define Official withholding
tax keys
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W/hold Tax Type
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VA
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Invoice
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|
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W/tax Code
|
I5
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Other
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|
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W/Tax Key
|
194IA
|
Sale on immovable property
|
|
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Tax Rate
|
1.00%
|
||
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W/hold Tax Type
|
VA
|
Invoice
|
|
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W/tax Code
|
I6
|
Company
|
|
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W/Tax Key
|
194IA
|
Sale on immovable property
|
|
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Tax Rate
|
1.00%
|
||
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W/hold Tax Type
|
VB
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Payment
|
|
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W/tax Code
|
A5
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Other
|
|
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W/Tax Key
|
194IA
|
Sale on immovable property
|
|
|
Tax Rate
|
1.00%
|
||
|
W/hold Tax Type
|
VB
|
Payment
|
|
|
W/tax Code
|
A6
|
Company
|
|
|
W/Tax Key
|
194IA
|
Sale on immovable property
|
|
|
Tax Rate
|
1.00%
|
Dear All,
ReplyDeletePlease note that we have to create 94IA as an Official withholding tax key for Immovable Property(194IA) in SAP,because While generating quarter returns system converts 94IA key to 194IA.
Hence, SAP is suggesting you to create official withholding tax key as 94IA
Raja.
nice...
ReplyDelete