WHT on vendor interest

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
Amit

SOlved

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For my understanding these ways are to run a report and it will inform the interest. Or is there any way to post the interest value.
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Hi,
SAP calculates interest only on amounts credited to vendor account. I hope your with holding tax amount might not be credited to vendor account. When we post the invoice we credit vendor with net of with holding tax amount and with holding tax amount credited to seperate liability account. Please check on this and let me know if you need any help.
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I have the following requirement.
I want vendor wise tds details how much i have deducted and challan updated for a particular period.
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Dear All,
We have some requiremnt from my client.
We receive Deposit from our Loan Creditor for a specified period and refund/payback the amount along with interest after completion of the tenure of the deposit.
Meanwhile,if the depositor wants to withdraw the principle amount then the following are the scenarios,
In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 30 months but before 36 months, then the rate applicable for THREE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
Also we want the applicable tax should be deducted on interest and the net interset amount should be credited to depositoru2019s account once we are execute the (period specific) interest calculation run in SAP.
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Interest on Fixed Deposits Dr
Interest Payable on Fixed Deposits (Net of TDS, if applicable) Cr
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Hi
asset accounting is not the right place for this inquiry, as asset accounting does not vendor interes calculation.
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I have a problem regarding with holding Tax kindly tell what are the required configuration for deducting with holding tax at time of making down (Advance) payment to vendor
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Hi praveen,
Financial Accounting  Financial Accounting Global Settings  Withholding Tax  Extended Withholding Tax  Calculation  Withholding Tax Type  Define Withholding Tax Type for Payment Posting.
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Dear All,
We have some requiremnt from my client.
We receive Deposit from our Loan Creditor for a specified period and refund/payback the amount along with interest after completion of the tenure of the deposit.
Meanwhile,if the depositor wants to withdraw the principle amount then the following are the scenarios,
In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
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Also we want the applicable tax should be deducted on interest and the net interset amount should be credited to depositoru2019s account once we are execute the (period specific) interest calculation run in SAP.
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Appreciate your time and patience.
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Dear All,
Stil;l expected some inputs on our req.
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Message was edited by:
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I want to calculate WHT at the time of Vendor Down Payment in F-48 but system is not deducting WHT.
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Edited by: Sathish Kumar.K on Oct 27, 2011 9:23 PM

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(table V_T056UX)   > field Ref.
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Transaction : posting a vendor invoice and offsetting entry is a G/L expense account
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Hi,
WHT has 2 types a. Accrual basis b. Payment Basis
Path: IMG FA-Fin GS WHT-Extended WHT
1.     Basic Settings
a.     Check WHT countries: Check ur country
b.     Calculation
i.     Withholding tax type Define WHT type for invoice posting: Give ur country, tax type, Base Amt Select Gross amount à Save
ii.     WHT Type Define WHT for payment posting Similar to 1bi
iii.     WHT Code - Country, WHT type, Base Amoutn: 100%, Post Indicator: 1: Std posting, Calculate: WHT Rate: Give ur tax rate. Similarly do for payment posting
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3.     IMG-Logistics General Tax on Goods movement India basic settings Maintain Cocd settings Give first month and save
4.     Attach the WHT to Vendor Master (FK02 change; FKO1 Create) Select WHT; Tax type: Either payment/accrual; Select Liable and save
5.     Try posting entry thru F-43 and enter the WHT. Document àSimulate
The above is the configuration for Extended WT
Regards,
Sridevi
<b>* Pls. assign points, if useful</b>

WHT on vendor interest

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