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Hi NAV Community,
When I tried to post the invoices with TDS. It is showing an error "Posting date doesn't lie in Income tax accounting period setup". But in the setup FY 2014 - 15 is open and the invoices with TDS was posted till September 2014 without any issues. I am getting this error "Posting date doesn't lie in Income tax accounting period setup" for entries from Oct 2014.
What is the process for solving this issue? Your help is much appeciated.
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Posting Date Doesn't lie in the Income tax accounting period setup!!!
Hi, NAV Community
When you are posting purchase invoice in new fianacial year from 2023-24 at that time as above come because whenever you are create new Income Tax Accounting Period at that time go in NAVIGATE and also create Quarters like Q1, Q2, Q3, Q4 because TDS will filed in quartly period then will be solved error.
Thus, Respective all preriod you must start earlier.
I hope you will solve error as above.
Hi Balaji,
You need to create the Quarters for the Income Tax Accounting Period
Select your respective year--->Navigate----> Quarters
Create 4 quarters for that FY.
That's it. Issue Solved
It means posting date does not lie in income tax accounting period So please check in your Income tax accounting period, You have defined quarters, starting & ending date properly or not.
you need to go Income Tax Period Setup create new Q1,Q2,Q3,Q4.
problem solved.
Hi ,
You can also check Income tax accounting periods setup,in navigate you can define quarters.
Best Regards,
Shubhangi Verma
Yep. I forgot to create the quarters :) Anyways thanks for your help too.
Regards,
Balaji.
Oh! You created Income tax accounting period but didn't create 'Quarter'...
You missed it... :)
I presume you did it while configuring Income Tax accounting period..
Happy that you finally got it
Yes!! This worked. Thank you so much for your help.
Regards,
Balaji.
Did you add Quarter Details for the Income tax accounting period 2014-2015?
It seems you have added Quarter till 30-09-10.
Add new quarter Starting from 01-10-10 to 31-12-10.
Yes, This issue arises when I tried to post the invoice with TDS from 1st October 2014 onwards. Before that i.e till 30th September 2014 all invoices with TDS was posted without any errors.
Invoices without TDS doesn't have any issues in posting till date. If the GL setup is wrong this also would have created an issue.
Regards,
Balaji.
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