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TDS from retrospective effect

aps_mbsaps_mbs Member Posts: 141
Hi all,

My client is having a vendor for which PARTY Code was opened.
The amount of transaction for this vendor has increased in the Year and the client wants to deduct the TDS on the past transaction also in the subsiquent transaction.

Any way to handle such transaction?

regards,
APS

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    ssinglassingla Member Posts: 2,973
    If NOD Lines have already been defined for the vendor and TDS nature of deduction has been assigned on all his transactions then NAV will deduct TDS whenever the limit is exceeded on the whole amount. In case this has not been done then you have to reverse and repost the transaction with TDS Nature of Deduction defined in the transaction.
    CA Sandeep Singla
    http://ssdynamics.co.in
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