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
|
VA
|
Invoice
|
|
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W/tax Code
|
I5
|
Other
|
|
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W/Tax Key
|
194IA
|
Sale on immovable property
|
|
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Tax Rate
|
1.00%
|
||
|
W/hold Tax Type
|
VA
|
Invoice
|
|
|
W/tax Code
|
I6
|
Company
|
|
|
W/Tax Key
|
194IA
|
Sale on immovable property
|
|
|
Tax Rate
|
1.00%
|
||
|
W/hold Tax Type
|
VB
|
Payment
|
|
|
W/tax Code
|
A5
|
Other
|
|
|
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%
|
