TDS While making outgoing payment

Hi,
How to deduct TDS while making outgoing payments?
Pls help in this regards
Thanks & Regards
Suresh Kannan
Edited by: Marc Riar on Jan 31, 2008 2:18 PM
Edited by: Marc Riar on Feb 15, 2008 9:36 AM

Hi Suresh,
Every organisation is liable to deduct TDS/withholding tax on certain type of services availed, either at the time of making the payment or at the time of accounting Invoice.
In SBO, we can automate the calculation and deduction of tds on both the occasions.
For this:- Applicable TDS rates should have been pre-configured and should be assigned to Business Partner Master Records.
You configure Withholding taxes in - administration/definition(Setup)/Financials/Tax/Withholding taxes.
You assign the WH Tax codes in BP Master in BP Master/Accounting/Tax Tab/check box subject to withholding taxes.
Assign points if useful.
Thanks,
Srikatnh

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hii
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