TDS Interest
Dear All
Please advise me on below requirement.
The vendor (***)has exemption for INTEREST TDS 194A but has no exemption for 194J. By maintaining exemption settings in vendor master, it is applying to both 194A and 194J..
How can I achieve the following scenario :
No TDS under 194A for Interest payments
100% TDS Base Amount under 194J for Prof Cons payments
Regards
Sunny
Hi,
In the company code data against the customer, you have assaigned the tax code and type or not. If not please assaign the right code and type you created for tds on interest.
I hope it will solve your issue.
Regards.
Similar Messages
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Hi Experts
Could you assist me to post interest on tds.
Tds amount deposit in to the bank is 7th of every month, but because of some reason I was not able to deposit on 7th. Now I am depositing together of 2 month Tds along with the Tds interest.
Could you help me for the entry?
With regards
KumarHi,
Just i am talking about work around of your issue.
Why can't you give try with interest calculation for balance item. The TDS which is calculation will be stored in a G/L account, make necessary config setting for interest calculation,assign interest indicator in TDS G/L Master data and try to execute interest at end of the month.
When you dont want the system to calculate the interest just remove data from MASTER DATA.
When you dont want to calculate the interest for previous period,do manually change "LAST RUN DATE"( hope that system will allow you to change the date).
Its a lead to you,further you can develop or modify according to your business requirement.
Regards, -
Interest received against investments, its TDS deduction
Hi All,
Interest received against investments, its TDS deduction
How we can create and maintain this proess in SAP.
Please help me I am new in this process.
Thanks & Regards,
Juhi
Edited by: juhis022 on Dec 13, 2011 8:30 AMThe Process is,
For all Service Vendors and Customers, we deduct the TDS.
Here, you need to understand that the TDS is deducted at SD or FI module.
I hope you are aware of TDS process, but as per the SPRO settings you need to configure.
Then assign the Tax codes in Customer master
F-22 or FB70 - Customer Invoice, here you can able to see the TDS amount in Withholding tax tab.
Let me know if you still need any help
Thanks -
Interest on Delay Payment of TDS
Dear All,
Is Interest which we used to pay in challan for delay payment of TDS can be configured in SAP (Extended Withholding Tax). Suggest Me.As such no configuration settings are available. We too had the same requirement and the same is being raised to SAP for assistance.
Regards -
Dear Experts,
If we not paid the TDS in time we need to pay the interest/penalty on the delay payment of TDS. The same interest should show on quarterly return as per the Income tax act.
How to handle this by SAP, Is it possible to map the interest to quarterly return(QEFILE)
Can any one guide how to map in to extended withholding Tax.
Regards
Sriwhile posting JV just give business place and section code and for that JV check either u can create challan then it will be done.
Regards
T N R -
Dear Experts,
How can I map the following entry in Interest Rate Instrument?
Interest Exp -
Dr----
10/-
TDS -
Cr----
1/-
Bank Outgoing -
Cr----
9/-
I have created a new derived flow for TDS and I assigned the respective G/L account, but I am not able to map the above entry in the system.
Need your valuable inputs on this.
Regards
KomalHi,
The following activities are required to be done:
1. Assign the TDS flow to TDS Update type.
2. Tick the TDS Update type as relevent to Posting
3. In the Posting specifications, Assign symbol to TDS Posting specifications (# 14400)
4. Assign G/L account to the symbols mentioned in Point #3 above.
Regards,
Nimesh -
How to calculate interest and tds
friends,
we have one asset where it is provided by our business partner. every month we have to pay interest based on the mail received from business partner. my query is how to post this interest in the system, how to calculate the tds on this,
regards,Hi Subramaniyan,
1. You need to configure interest calculation all the steps.
http://www.sap-basis-abap.com/sapfj001.htm
or
OB46 - Interest Settlement Calculation Type
Int Calc. Type
P - calculate interest based on line items.
S - calculate interest based on account balances.
Secornd, make it avaliable to the interest run program.
OB82 - Interest Terms
Third, determine the interest rate that will be used by the calculation.
OBAC - Define Reference Interest Rates
OB83 - Enter the Reference Interest Rates Value
Fourth, assign the interest indicator to the reference interest rate.
OB81 - Define Time Dependent Terms
Finally, determine the how and to which accounts the interest program will post.
OBV1 - Prepare Interest on Arrears Calculation F.26 A/R: Balance Interest Calculation
2. Create Recurring Entries. fbd1
http://help.sap.com/saphelp_46c/helpdata/EN/6e/1218df9f0411d189b80000e829fbbd/content.htm
3. Process Batch Input sm35
Regards,
Srinivas Muthyala -
TDS for interest on security deposits for customers
Hi ,
We will receive security deposits from customers , for this we are paying interest.
while paying interest for security deposits , TDS is deducting .
But TDS cess deducting 3.40% instead of 3%.
please provide the path or tcode for checking this.
thanks & regards,
Hari priyaHi Priya,
System is deducting TDS that process is right.
For your information
TAXABLE AMOUNT 5000
BASIC -10% -500
ED CESS (3% ON BASIC) -3% -15
SURCHARGE(10% ON ED CESS)-10% - 1.5(Rounding 2 rupees)
Total 17 rupees TDS
Regards
Surya -
friends,
i am in peculiar situation, client has to pay some interest to somebody, without paying the interest, user calculated the tds manually and directly remitted the tds in bank and posted a document ( tds paid)
here our issue is how to deal this,hi,
thanks for reply,
1. we have not posted in interest entry in system.
2. user directly remited the tds in bank.
that is why system is not showing any tds on interest in j1inchln,
my issue is without entry in j1inchln, how i am going to update j1inbank
regards -
Hi
For delayed payment of TDS to the authorities, we are required to give penalty interest. This penalty interest paid is shown in the Quarterly return also.
I am looking forward to your comments about how can we make settings for Penalty interest for TDS delayed payments in the system.
Regards,Hi
That is so nice of you.
For quarterly return, in the text file, along with data, some symbols like ^s and 0s are also there. I applied a note for resolution. But still it is not getting over. What could be the reason ?
Regards, -
Calculation of Interest on overdue witholding taxes
In my scenario the interest needs to be calculated on the overdue payments that have not yet been paid by the client to the goverment of TDS so deducted by the system. The interest needs to be calculated from the 7th of next month till date the amount is actually paid. The tds so deducted in the period 1-7th of the month will not be liable for interest calculation. Again in the next month the same cycle needs to be repeated for interest calculation.
Can anyone help me out if how to achieve the same.
Regards,
Anurag GuptaHi
You may like to check the config from the below angles :
1) interest payment is produced if the credit interest (because of interest calculated on items paid before the due date) is greater than the debit interest.
2) Calculate interest on items paid before due date
Indicator which means that credit interest is calculated for items paid prior to their due date, provided that the item paid was not subject to a cash discount. Interest is calculated using credit interest rates.
Note
The system calculates credit interest only on those clearing transactions where all payments were made before the due date. If you do not select this option for those transactions then the items are ignored.
This option has no effect in the case of clearing transactions where payments are made both before and after the due date. For transactions such as these, interest is always calculated on the basis of debit interest.
For partial payments and down payment offsetting items that are made before the due date of the invoice, interest is calculated from the document date if this indicator is set. If it is not set, interest is calculated from the due date of the invoice.
3) Calculate Interest as of Due Date for Net Payment
Indicator which means that interest is calculated as of the due date for net payment; otherwise, you pay interest as of the settlement period lower limit (if the due date for net payment is before it) or as of the date of the last (according to the master record) interest caluclation (if the corresponding parameter is set).
Regards
S -
Interest on customer item excluding service tax
Hi,
When i run customer interest calculation(FINT) system calculates interest on invoice + service tax amount but i want to calculate interest on only invoice amount excluding service tax.
Request immediate help.
Thanks in advance.Hello Pranav,
Select radio button as Net amount instead of gross amount in mentioned customization.
SPRO > Financial accouting New > Withholding tax > Extended withholdign tax > Calcualtion > Withholding tax type > Define withholding tax type for invoice. Double click on relavent TDS type & change gross as net and check impact,which we are using since notification annouced by Income tax department.
Regards
Mani Kumar -
I would like to know which instrument driver works for the Tektronix TDS 544A
I am trying to use TDS544A with CVI and downloaded the driver for TDS 540 and it didnt seam to work... should it? If not, which one will???
Hello,
Well, it appears that you are correct in that it must be somewhat different since you are getting the errors you described. Since that is the case and we don't have an instrument driver for that particular instrument, I would recommend one of two things. Try to modify the existing instrument driver to send the commands that your instrument expects, or make regular Visa calls to communicate with your instrument.
Also, I would encourage you to submit a request for the specific instrument driver you are interested in. I cannot guarantee when or if it will be created, but they will evaluate what can be done and get back to you. You can submit that request here:
http://zone.ni.com/idnet97.nsf/instrumentdriverrequest/
Good luck
with your Application!
Regards,
Steven B.
Applications Engineering
National Instruments -
TRM: doubts in interest rate instrument and Business partner
Dear all,
While implementing Treasury Risk Management, in order to fulfill my clientsu2019 needs I have three questions regarding, 1. Interest rate instruments, 2.Leasings and 3.Business partners.
1.When creating a contract of an interest rate instrument , associated to a floating interest rate (e.g. EURIBOR 3M), how can I calculate the tax stamp which represents 4% of my interest rate amount, and occurs every time I have to pay interests?
I could define it in the u201Cother flowsu201D label but since the contract is associated to a variable, I never know how much my 4% of tax stamp calculated over the interest amount will represent.
2.When creating leasing contracts, how can I calculate the VAT associated to the periodic payments?
3.Is there any way to make postings to a business partner directly as a Vendor or a costumer?
Thanks in advance,
Regards,
DanielHi,
Please consider following:
1. Generally TDS flows are generated automatically by system based on a revenue/expense flow. By configuring Derived FLows in system you can achieve this. Then alongwith every interest payment flow a TDS flow also will be generated based on the rate defined in system with seperate flow type, you can define account posting in spro.
The path for config- TRM-Trans Mgr- Money Market-Transaction Mgt- Flow Types- Derived FLows
2. Again since VAT is a derived flow for an actual cash flow, so you can achive this through derived flows config.
3. You can make posting to Business Partner account by performing following:
a. In master data, assign role of Customer to the Business Partner
b. Make payment settings in transaction to Customer and select payee/counterparty. While posting with TBB1, entries will be against Customer A/c and further clearing will be reqd at customer level against respective payment bank.
c. To achieve this output, you may require to define account determination accordingly for customers.
I suggest to post seperate thread for each issue rather than posting with single thread for better response.
Regards
Prasad AV -
Hi
I am facing a peculiar problem. We have created Fixed deposits as vendor and we have attached interest indicators to these vendors. Also since interest is subject to WHT in India (TDS), WHT types and codes are attached to the vendor.
For interest processing with 'F.4B - With Open Items ' a batch input session is created. When the session is run, the interest entry is created but WHT (TDS) entry does not take place. When the session is run is foreground a popup for WHT appears but when i click on it the screen just proceeds and final document does not have WHT.
I have checked manually entering the interest amount thru FB60 and WHT is properly deducted.
Pl help, thanks in advance
Regards
AmitSOlved
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