TDS on Contractor

casatish007

Hi,

Indian Localisation TDS on Contractor.

We are using NAV 4 SP 3 ,
TDS Setup for Contractor is as follows

TDS Threshold limit is 50,001
Per Contract Value is 20,001

We have posted 3 invoices for the following amount for which TDS is not getting calculated which is correct.

1) Rs 15,000 No TDS ---- Correct
2) Rs 10,000 No TDS ---- Correct
3) Rs 15,000 No TDS ---- Correct

But now when we try to calculate TDS for the 4th invoice which is of Rs 15,000.

The TDS should be on 15+10+15+15 = Rs 55,000 (TDS is not getting calulated correctly )

on pressing F9 we get the TDS amount of Rs 1133 but after posting the Invoice the TDS amount posted is only Rs 309 .

Is it a Bug in the system? Can anybody please help us on this.

Thanking youall in Advance.

CA Satish Prabhu

Project Manager.

ssingla

Strange....

Never happened before like this. I have replicated the scenario. Will check further :-k :-k

casatish007

Dear Mr Ssingla,

Can you please tell me your findings.

Thanking you in advance.

CA Satish Prabhu.
Project Manager

ssingla

The findings (NAV SP3 HF6 & NAV 2009):

a) The system is not calculating correct TDS if there is more than 1 entry in the non-taxable zone.
b) In my case the TDS deducted is as follow:
TDS 1100/-
Surcharge 50/- (10% on the last bill of 15000/- though it should not have been calculated)
E-Cess 23/-
SHE-Cess 12/-
Total TDS 1185/-

casatish007 wrote:

Hi,

on pressing F9 we get the TDS amount of Rs 1133 but after posting the Invoice the TDS amount posted is only Rs 309 .

Can you attach the screen shot of all the TDS entries created for the vendor.

Also you can log the error with the MS.