Share
Report
50Hi Everyone,
We have one query regarding TDS calculation configuration for Section 393(1)-6(i) (194C) in Business Central.
Current requirement:
-
Standard TDS Rate = 2%
-
Threshold Limit = 1,00,000
-
Single Invoice Limit = 30,000
Additionally, the vendor has a concessional/lower deduction certificate with:
-
Concessional Rate = 0.6%
-
Certificate Amount Limit = 2,118,168,016
Client expectation:
-
System should calculate TDS @ 0.6% until the certificate limit amount is exhausted.
-
Once the certificate limit exceeds, system should automatically calculate TDS @ 2%.
Current issue:
-
When we configure the certificate amount in the setup, system is not calculating TDS.
-
If we remove the certificate amount and configure only the percentage/rates, system is calculating both 2% + 0.6%. ?
Could you please confirm the correct configuration approach in Business Central for this scenario.
Note : We have TDS Rate Configuration also (India Localization)
Thanks.
All responses (
Answers (
