TDS on Vendor - India Localization

sriram_venkat

Hi

1) Is it possible in NAV-IN Version to have Same Vendor - Same TDS % but different Threshold Limit?

2) Is that giving Threshold Limit Mandatory or will not NAV calculate TDS if i donot give Threshold Limit?

Please let me know....its very urgent

ssingla

In a single vendor under single tds group you cannot define different threshold limits. This is also not allowed as per Income Tax Laws.
If a vendor is providing various services which comes under 1 group (e.g. Contracts) then the limit will be same.

Threshold limit is to exempt calculation of TDS if the total billing does not exceed the limit. You can keep it zero but I will suggest define as per law.