E-TDS and WCT Deduction
Hello friends,
can anyone suggest me how to apply ETDS in SAP Buisiness One
as well as WCT Tax (Work Contract Deduction Tax).
If possible please provide me notes regarding this.
Hi,
You may check these threads:
Re: Work Contract Tax
work contract tax code needed on certain percentage of purchase value
Thanks,
Gordon
Similar Messages
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Product type 55c rupee term loan tds and withholding tax deducted
Dear team
any one guide me while posting intrest by using t code tbb1 systen calculates tds and withholding tax but i want only tds how can i remove withholding tax . Pls respond urgently
sarathHi,
...in case you get the Witholding Tax flow in Treasury-module already (-> check cashflow;), the flow comes from "Derived Flows" setting. the flow then already exists before running TBB1...
Regards,
Lorenz -
Dear SAP Gurus,
I am facing a problem in AP payment.
We have paid an advance of Rs. 10000/. to a vendor. TDS will be deducted @ 10% which is Rs. 1000/. So net will be paid Rs. 9000/. The above payment will happen on 01.04.09
On 15.04.09, we will enter an invoice for rs. 20000/ by deducting a TDS @ 10%. So TDS will be deducted Rs. 2000/.
If we do not make a transaction F-54, system will not reverse TDS at the time of advance deducted Rs. 1000/ and on 07.05.09, TDS will be remitted Rs. 3000/ which is not correct.
1. In such case, while making an invoice entry, base amount to be change is the solution.
Their will be a change of Income Tax rate from 10% to 15% w.e.f. 01.05.09
If we enter an invoice on 10.05.09 for Rs. 20000/ and TDS already been remitted on adv payment on 07.05.09 Rs. 1000/. . In that case TDS will be on invoice comes to 3000/ and we have remitted Rs. 1000/. In this case, if we change base value to Rs. 10000/ tds will be deducted Rs. 1500/ and not Rs. 2000/.
How should i proceed in this type of scenario.
Kindly guide me in this matter.
Thanks and regards,
VinayakDear SAP Gurus,
1. The answer to you 1st question is that you have to use the t-code F-54, if you are changing the base amount it will have implications when you are generating your e-tds file.
Don't try to play with the base amount, as it is having certain legal implicationns. For example. If you had changed the base amount then it will appear in the E-TDS return & the IT Authorities may question you why you had dedcuted tax for the lesser amount.
2. The 2nd issue to be resolved by creating new tax codes & attaching the same to the vendors. This is the proper way of doing it. Once you had created new tax codes, then the system will take care of the adjustments when you are performing the clearing activity.
Hope the above is clear to you
If you have further queries, let me know the same
Regards
R.Karthigayan -
Tax and Pension deducting is not happing for few months
Hi,
My client facing with an issue. The issue is like this........
An employee has taken Maternity leave on November 2007 to May 2008. Here She was getting Maternity pay every month and pension and tax deducting.But when it comes to only for Jan 2008 payroll tax is refunding insted of deducting and for march 2008, April and june payroll it was not deducting pension. What will be the reason why system is behaving like this.
Please can you share your thoughs it is very urgent issue.
Regards
SailuMake sure if there isn't a short somewhere. (unused standoffs a.s.o. ) Better take mobo out of case and put it over an isolated surface, connect P.S. and all hardware and see if problem continue.
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On my iphone4 I need to be able to receive and send both TDS and Yahoo e-mail accounts (I also need to access from my Macbook Pro and my HP desktop). I have NO problem with Yahoo, but with TDS, the e-mail seemed to work on my phone.... and then it didn't.) In adding the TDS account, I chose "other" ( TDS is somehow accessed on the back end through gmail). For the incoming server I used the Incoming Sever Name of pop.gmail.com and the Outgoing Mail Server as smtp.gmail.com. I have using SSL "on" and the server port is 995. Is this setup correct for TDS?
FYI: POP will by default, delete messages from the server after downloading them (This applies to most pop clients, computer or mobile). POP is old tech and is not recommended if IMAP or Exchange are available. The default when setting up a g-mail type account is IMAP. Full synchronization with the server. You may also be able to set it up as an Exchange account, allowing for push e-mail and sync of calendars and contacts as well. See the Gmail help pages for instructions.
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Correct end date to a present or future date - Section80 and 80C deduction
Hi SDN,
We are getting following exception for Section80 and Section80C deductions when click on Review button.
Data valid only for past is not allowed, correct end date to a present or future date. Begin date should start from or higher. We have reset the valid From date to current financial year starting date(4/1/2011) using BADI HRXSS_PER_BEGDA_IN. But Valid to date it is taking 3/31/2011 instead of 3/31/2012. Where can we change this Valid to date. Please help me.
regards,
Sree.Dear Punna rao
Kindly check this BADI HRXSS_PER_BEGDA_IN and activate it
below is the IMG for this BADI
Employee self service-->Service specific settings-->Own data->Change Default start date
Ask your technical team to activate this BADI, as this requires access key to activate it. Kindly do this process & let me know the out comes, as this must solve ur issue.
Hope this Info will be useful
Cheers
Pradyp -
I was charged for some songs that I purchased but I had an iTunes card and they deducted that too how do I get my money back from itunes
Go here:
http://www.apple.com/support/itunes/contact/
and follow the instructions to report the issue to the iTunes Store.
Regards. -
Hi experts
I want to create invoice for the vendor catg professional services rendered - General
The Gross Amount is 50000. We are mainiaining the Service Tax Codes also. I want to know the TDS and Service Tax updations for that amountwise entries like..
Ther service tax ecess surchage like accouts will be accumulate with debit balances. What is the further process for these service accounts.
thanks in advance
srinuHi Srinivas,
Can you please tell me how the service tax will get calculated in rental conditions?
I've made the following configuration settings:
Step1: RE-Fx>> Accounting>> Automatically Generated Accounting Documents>> Summarize Documents:
Under this node>> Set Item Summarization "Active" for the particular co. code.
Step 2: Defined service tax under "Tax Type" for country INDIA
Step3: Under the IMG node:
RE-Fx>> Accounting>> Integration FI-GL, FI-AR, FI-AP>> Assign Tax Code:
I've maintained Service Tax (tax type) to the country IN.
Also in the contract under posting parameters tab; i've maintained the Tax Type as Service Tax.
In conditions tab also, when I'm simulating the condition, I'm getting the correct entries, (as shown in the screen shot):
Condition Amount: 20,0000 INR
Net Cnd Crrncy: 20,000 INR (for the month of July)
Tax Cnd Crrncy: 2472 INR.
However, when I'm doing RERAPP; i'm unable to post the condition. Getting the 2 errors (screen shot attached):
1) Tax code S2 does not exist in company code E500
2) Taxes by item is activated; consequently, transfer by item is mandatory
Kindly pl. assist where I'm going worng or any configuration missing due to which I'm unable to execute RERAPP for a condition (with service tax calcultaion) for a commercial lease in contract.
Thanks
Shantanu Kar -
I paid or an app and it deducted my money but I didn't get it
I paid or an app and it deducted my money but I didn't get it
If you search for the app again in iTunes, does it say INSTALL or BUY NOW?
-
Revenue account and sales deduction accounts -?
Hi friends
what is Revenue account ans Sales deduction account from sales billing to FI.
Are the linked to G/L accounts on what context -? like g/l and reconcialation.
Thanks
KrishHI
Revenue a/c is nothing but cost element & gl with category 11.
and saless deductions a/c is also cost element & gl with categoty 12.
if any help ,,,,,,, plz contact
Regards,
R.N.Reddy -
At the time of down payment clearing, the down payment document is not cleared.
For example
Down payment entry: (Posted correctly in the system)
Party a/c Dr Rs. 50,000
To Bank a/c Rs. 49,500
To TDS a/c Rs. 500
Invoice Entry: (posted correctly in the system)
GR/IR Services a/c Dr Rs. 58,760
To Party a/c Rs. 58,172
To TDS a/c Rs. 588
At the time of Down payment clearing the down payment entry should be reversed that is to say
Down payment clearing Entry: (Posted wrongly in the system)
Party a/c Dr Rs. 50,000
Party a/c Dr Rs. 49,912
To TDS a/c Rs. 88
this entry should be like
Down payment clearing entry: (correct entry that should be posted)
Party a/c Dr Rs. 49,500
TDS a/c Dr Rs. 500
To Part a/c Rs. 50,000
We have few notes but those notes are for versions lesser than ECC 5, like 187392, 369490, 506351, 513204
but all these are recomended for versions less than ECC 5. please provide us some tips if you have come across this.
Thank you and kindest Regards
SrikaanthHi Srikaanth,
In addition to the above reply, I am mentioning another example, which may help you ...
( 1 ) Down payment entry: (Posted correctly in the system) u2013 ( T. Code - F-48 )
Party a/c Dr Rs. 10,000
To Bank a/c Rs. 9,000
To TDS a/c Rs. 1,000 ( 10 % )
( 2 ) Invoice Entry: (posted correctly in the system) u2013 ( T. Code u2013 F-43 )
GR/IR Services a/c Dr Rs. 50,000
To Party a/c Rs. 45,000
To TDS a/c Rs. 5,000
( 3 ) Down payment clearing entry: (correct entry that should be posted) u2013 ( T. Code-F-54 )
( System Reversing the entry during Down Payment )
Party a/c Dr. Rs. 9,000
TDS a/c Dr. Rs. 1,000
To Party a/c Rs. 10,000
Ultimately,
( 4 ) Party A/c Dr. 9,000/-
To Bank A/c. 9,000/-
( 5 ) Outstanding to Party would remain as ( 45,000 u2013 9,000 as Advance paid = 36,000 )
Regards,
Bhabani S Dash -
TDS (tax) not deducted in MIRO
Hi,
I have config. LE-Transportation for my client.
Now my Freight costs and TDS (Service Tax) charges are coming in my Shipment Cost doc.
When i do the "Transfer" as usual the Automatic Service PO & Entry sheet are prepared.
But the problem is that the entry sheet is prepared of the value of only the freight costs and the taxes are not coming in that.
SO thus when i do a subsequent Miro its showing me only the freight amont for the forwerder..
EG: Freight in Shpmnt Cost is 4000 and TDS - serv tax is say minus 50..
thus the entry sheet is prepared onlly of value 4000..
and thus miro is for 4000 only..
RgdsHi,
you check Withholding Tax tab in MIRO, there are all necessary date are appering or Not.
Pls. give me the input.
Regards,
Spradip -
TDS and Sales Taxes are Possible with out implementing SD & MM??
Dear Members,
Is it possible to generate TDS forms and calculation of Sales Taxes without having MM and SD Modules??
Under GL we have the options for Taxes in Easy Access Screen..so i hope soo..
If such things are available pls guide me ..we r in need of this.
regards,
shashidear aakash,
can u explain it detallyy..
and how to configure it.??
regards,
shashi. -
friends,
we have created remitance challan and updated the bank challan with j1inchln and j1inbank respecively for april.
after we paid TDS without creating remitance challan. we paid as per ledger balance. we have document numbers.
now we want to print the tds certificates and submit quarterly returns. how to achieve this.
and also what is the TCS procedure, we paid TCS amount by taking ledger values. next what to do,
regards,Hi ,
Kindly check the following Building Block for TDS,
You may have to follow steps,
1. Every month you have to talley the GL and EWT report then you will have to make remittance challan and then make payment by crediting a clearing account and then transfer the same to One vendor account and then update payment details,
http://help.sap.com/bp_bblibrary/600/html/J82_EN_IN.htm
The above building block will help you , i beleive,
with regard to TCS have you done the configuration settings,
I beleive generally it will come for scrap sale or some other specific transactions,
In that case you would have to bring customers also in With holding tax procedures,
There is a seperate notes available for TCS in service.sap.com,
regards
N.Kumar -
Hi
I have posted TDS entry and Challan entry.
But we do have a difference.
All the Business place and section code are posted correctly and no document is parked.
TDS is for Rs.10,50,000 and challan report shows only Rs.10,45,000
The questions are
1) How to find out the difference and the document number that caused the differnce?
2) How to rectify the error?
There are more than 3000 vendors available in this TDS.
Thank you and kindest Regards
SrikaanthHi Srikaanth,
First you have to find out in which section Difference is coming, afterthat Execute the j1incert for challan without recipient type.
i think the difference is coming only because of recipient type is not updated in vendor master and due to that it is not picking in challan when you put recipient type.
so first thing you have to find out the difference as per the section wise.
Thanks
Amit Kumar
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