on 08-29-2013 5:27 AM
Dear Experts,
There is a threshold limit of Rs.1,80,000/- for deduction of TDS on rent, now the problem is at the time of accounting AP invoice for this month rent TDS is calculating on value of Rs.2,11,876/- (ie jun13 rent 30000+jul13 rent 62000-jul13 reversed (ap credit memo)62000+jul13 new entry passed for jul13 rent 60000+aug13 rent 60000)
Actually it should consider for deduction of TDS for Rs.1,50,000/- (ie.jun13 rent 30000+jul13 rent 60000+aug13 rent 60000)
hence there should not be any TDS deduction in this month also, but it is calculating TDS without considering AP Credit memo.
please help me this problem.
Thanks®ards,
P.Pratap
Dear Pratap,
I think you didn't reverse the TDS Amount in AP Credit Memo. You have Made 4 Transaction including one reversal transaction. isn't it?
But at the time of reversing the A/P invoice through A/P Credit Memo, U should allow the system to Reverse the TDS also. Please Ensure that.
Regards,
Kalaiyarasan
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
You can user the 'TDS -> Adjustment Entry' option against that Invoice to adjust the TDS amount.
Hope that helps.
Thanks,
Priya
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Check 'Threshold Overlook ' check box is checked or unchecked for that perticuler Business Partner.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
85 | |
7 | |
6 | |
4 | |
3 | |
3 | |
3 | |
3 | |
3 | |
2 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.