Tds Entry

Madhavi_Pandey

Ques:I am using Payment Journal to pay TDS(Payment->Tax Payment->TDS) a message comes that,there are no TDS entry for account number(vendor account number) but I am already book an Invoice against that Vendor through Journal Voucher and TDS already deducted at that time then why this msg has come?????

ssingla

Either you might have not filled the TAN No. or selected the wrong account.

Madhavi_Pandey

ssingla wrote:

Either you might have not filled the TAN No. or selected the wrong account.

Can You explain it with an example...............

ssingla

You can find all the explanations and examples in the documentation available in HF1 of NAV 4.0 SP3.

Madhavi_Pandey

ssingla wrote:

You can find all the explanations and examples in the documentation available in HF1 of NAV 4.0 SP3.

I am working in Navision 2009 sp1

vijay_g

Check the TDS entry has created while invoicing must be No to "TDS Paid" field.

ssingla

Madhavi Pandey wrote:

ssingla wrote:

You can find all the explanations and examples in the documentation available in HF1 of NAV 4.0 SP3.

I am working in Navision 2009 sp1

The documentation is still good and around 95% of the things apply to NAV 2009 SP1.

Madhavi_Pandey

I have pass a TDS entry-
let,
1) Audit Expenses A/C .................Dr 1,000
To Party Ledger A/C 1,000
(Being ....................................)

2) Party Ledger A/C...........................10
To TDS on Audit expenses A/C 10
(Being...............................................)

3) Party Ledger A/C....Dr 990
To Bank A/C 990
(Being............................................)

but now I want to pass only two entries one for booking Invoice and 2nd for deducting TDS and pay to party(after deducting TDS) .............

1) Audit Expenses A/C .................Dr 1,000
To Party Ledger A/C 1,000
(Being ....................................)

2) Party Ledger A/C...........................1,000
To TDS on Audit expenses A/C 10
To Bank A/C 990
(Being...............................................)

when I passed the 2nd entry, party a/c show outstanding amount RS. 1,000 but it should show RS. 990 (why TDS amount not deducting from party ledger??) why this is happening???????

ssingla

Madhavi Pandey wrote:

I have pass a TDS entry-
let,
1) Audit Expenses A/C .................Dr 1,000
To Party Ledger A/C 1,000
(Being ....................................)

2) Party Ledger A/C...........................10
To TDS on Audit expenses A/C 10
(Being...............................................)

3) Party Ledger A/C....Dr 990
To Bank A/C 990
(Being............................................)

but now I want to pass only two entries one for booking Invoice and 2nd for deducting TDS and pay to party(after deducting TDS) .............

1) Audit Expenses A/C .................Dr 1,000
To Party Ledger A/C 1,000
(Being ....................................)

2) Party Ledger A/C...........................1,000
To TDS on Audit expenses A/C 10
To Bank A/C 990
(Being...............................................)

when I passed the 2nd entry, party a/c show outstanding amount RS. 1,000 but it should show RS. 990 (why TDS amount not deducting from party ledger??) why this is happening???????

I cannot explain all the concepts and methods of TDS here on the forum. You should refer to TDS manual mentioned above to solve your basic queries.