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TDS for sec 194 C, India Localization
shivak
Member Posts: 2
Dear Experts,
India Localization
As per TDS rule of Sec 194 C for a single payment of Rs 30000 tds should deduct and aggregate payment of 75000 as a threshold .
how to configure this .
If the first payment is 30000 and threshold is set as 75000., the system deducts the tds correctly for 30000. for Subsequent payments it considers the threshold which should not be the case since the 1st payment of 30000 is made and hence for subsequent payments of any amount, say for 5000, tds must be deducted. This is not happening.
Thanks in advance.
India Localization
As per TDS rule of Sec 194 C for a single payment of Rs 30000 tds should deduct and aggregate payment of 75000 as a threshold .
how to configure this .
If the first payment is 30000 and threshold is set as 75000., the system deducts the tds correctly for 30000. for Subsequent payments it considers the threshold which should not be the case since the 1st payment of 30000 is made and hence for subsequent payments of any amount, say for 5000, tds must be deducted. This is not happening.
Thanks in advance.
0