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Hi Friends,
How to do the setup of India TDS based on the nature of assessee.
Example if the vendor is an Individual then the TDS is to be deducted at 1% and if the vendor is a company then the TDS is to be deducted at the rate of 2%.
Please help urgently
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Hello Binit,
One way to do it would be to create 2 withholding sales tax codes and groups (one for vendor and one for employee). Since the withholding sales tax groups are assigned to the vendor form, you can assign them depending of the nature of the vendor. I have not worked with indian sales tax much but that's how i would have done it...
Thank you,
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