Changes in TDS slabs - w.e.f. 01.10.09 [Financial Year 2009-2010]
Dear All,
Due to some changes in TDS slabs, this is informed to not to put any entry effects TDS account from 01.10.2009 onwards till the further information.
Some of the Amendments are mentioned below w.e.f. 01.10.09 Financial Year 2009-2010
1. TDS
·...TDS on rent will be 10% in all cases i.e. Individual or HUF, Domestic Company or Firm
·...TDS on contractors will be 1% in cases of Individual or HUF
·...TDS on contractors will be 2% in cases of Domestic Company or Firm
2. Surcharge:
·...No Surcharge on TDS in case of payment is made to Resident or Domestic Company
·...No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
·...2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.
3. Education Cess
·...No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company Other than Salary
·...3% EC and SHEC (2% + 1%) on TDS in case of Salary
·...3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident
Please help me for solving this...How can i do these amendmends...?????
Thanks...
This is to be done by SAP FI consultant.
However, u can navigate to spro-> Financial Accounting-> ****-> Witholding Tax-> Extended WT for changes
Regards
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In the next node ...
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Hi Experts
We have been advised that we will be changing our financial year (currently July to June) to tie in with our new acqusition companies fiscal year, which runs from January to December.This will be done with effect from end June 2012.
Consequently, we will be running a 6 month 2012 fin year (July to December 2012) and then properly aligning with the 2013 fin year from January 2013.
We have SAP version ECC6 without Flex General Ledger.
Two approaches have been identified by our consulting company :
One approach is to make use of the shortened fiscal year functionality. This would allow us to create a shortened FY2013 of only 6 months, which would run from July 2012 to December 2012.The next Fiscal Year would then start in January 2013 and run to December, as required.The only drawback is that the shortened fiscal year would have to be FY2013, although it ends in December 2012, and that going forward, the FY would always be 1 year ahead of the actual calendar year. There is a further impact, in Fixed Assets, the shortened fiscal year will need to maintain a small bit of config, (OAYP) where we stipulate that the depreciation for the shortened year needs to be reduced to match the shortened length of the year. Also in using the shortened fiscal year approach there is also apparently a couple of SAP notes that they will need to apply to ensure that the asset depreciation is correctly calculated during the shortened year.
In the other alternative the u201Cnew and correctu201D Fiscal years are created and linked to new Company Codes. All financial transactions are then posted in the new companies from period one of the new Fiscal year.
The closing balances of old companies are posted as opening balances for the new Companies.
Some of the other implications are:
The Profit Centers must be opened in the new companies.
The stock must be transferred to the new companies.
The open Purchase orders must be u201Cconvertedu201D to the new companies or new Purchase Orders must be created.
The Fixed Assets must be transferred to new companies.
The Controlling Area might be impacted.
To be able to do Comparison reports we should do a history take on. (This can only be monthly movements per profit center per GL-Account, converted to the new Fiscal periods.)
Experts, are there any other options that are worth persueing with the least business impact ? Please help, your advise will be highly appreciated.If you do not prefer to create new company codes and undergo a conversion effort, you can go with the first alternative and then engage SAP SLO services to replace the shortened fiscal year 2013 in your system to the correct fiscal year. That way, your next fiscal will remain 2013, and your fiscal year will not be always 1 year ahead of your actual fiscal year.
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Dear Sir,
Our company is presently following Financial Year Oct to Sep . Current Financial Year 2010 , started on Oct-2009 . Comapny has decided to change the Finacial Year from April To March . As per the decision , the Current Financial Year 2010 , will be of period Oct-2009 to March-2010 (6 month period) and will be closed on 31-Mar-2010 .
From April-2010 , new Finacial Year 2011 will start .
We are presently on ECC-6.0 and have Fixed Asset also implemented .
We request you to kindly guide us , as how should we go ahead to make these changes possible and what steps we need to follow to make the desired changes .
Kindly pl note that March-2010 closing will take some days and hence in April there will be situation when transaction are posted in FY-2010 and FY-2011 both .
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B MittalHello,
Adding further, check these also.
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2 - Release of Standard Cost Estimate - CK40N
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4 - FI period open
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6 - Reposting of Inter Office CC - KB61
7 - Bank Reconciliation
8 - Update Section Code where missing - J1INPP
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10 - Provision for current month - FB50
11 - Depreciation entry - FB50
12 - Exchange rate - To be Updated
13 - Revaluation of foreign currency open items - F.05
14 - Recognition of Inventory at Bonded warehouse - FB50
15 - Maintain Statistical Key Figures - KB31N/KP46
16 - Variance Calculation of Process Orders - KKS1
17 - Settlement of variances - CO88
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19 - Assessment cycles - Functional CC to SBU CC - KSU5
20 - Assessment cycles - SBU CC to COPA - KEU5
21 - Profit Center Reposting - 9KE0
22 - Balance Sheet Adjustment calculation - F.5D
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24 - Transfer Inventory to PCA - 1KEH
25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5
26 - Check for "Delivery made, not Invoiced" - VF03
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29 - Top Down Distribution in COPA - KE28
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Hi All,
I am working on Payroll India.
the client i am working for has a financial yr from March to Feb.
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Screenshots are provided in the comments.Hi Northern,
Per my understanding that you want to show the month in the x axis as the order of the financial year(7,8,9,10...4,5,6) and also display the year in the series group as the financial year, right?
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4. Preview you will get the sample chart display as below according to my sample data:
If you still have any problem, please feel free to ask.
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Vicky Liu
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Hi,
A client has asked for advice regarding changing the financial year from March/February to April/March and the implications of, say, creating a new year consisting of a single month or simply leaving the current year "open". I've got as much assistance as I can from Oracle Support (via
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I6 IC Sec 194A - Interest on dep Pymt EC& SHEe
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Regard,
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Edited by: riten patel on Oct 29, 2009 10:23 AM
Edited by: riten patel on Oct 29, 2009 10:23 AM
Edited by: riten patel on Oct 29, 2009 10:33 AMHello Hansachechani
we have followinng tax key
115O Dividend 115O(1)
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ST Service Tax
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C6 Sec 194H Commission Pymt EC & SHE Cess
D4 Sec 115O(1) Dividend Payment
D5 Sec 115O(1) Dividend Pymt Surcharge
D6 Sec 115O(1) Dividend Pymt EC & SHE Cess
F4 Sec 195 Foreign Prof fees Payment
F5 Sec 195 Foreign Prof fees Pymt Surcharge
F6 Sec 195 Foreign Prof Fees Pymt E&HS Cess
G1 Service Tax on GTA
G2 Service Tax on GTA E Cess
G3 Service Tax on GTA S&HE Cess
I4 Sec 194A Int on Deposit Payment
I5 Sec 194A Int on Deposit Pymt Surcharge
I6 Sec 194A Int on Deposit Pymt EC & SHE Ce
L4 Sec 194C Contractors Payment
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P6 Sec 194J Professional Pymt EC & SH E Ces
R4 Sec 194I Rent Payment
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