TDS in india localisation

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Posted on by mktharakan

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Hello experts

I tried TDS through Purchase order. I have done all the set up. But in the lines I am not able to select TDS nature of deduction, which I have set up already. why the list of TDs nature of deduction is not being displayed here.

Regards

Manoj

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Rajendra Gangwar 150 on at

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RE: TDS in india localisation

For calculation of TDS for foreign vendors there is a field in TDS Group "Non Resident Payments" enable it, add tds setup with % and Country Code then reselect the purchase line and select TDS Nature of deduction.

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Community Member on at

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RE: TDS in india localisation

Hi Sunil, there is a field in TDS Group "Non Resident Payments", enable it, reselect the purchase line, select TDS Nature of deduction code and check, TDS will calculate.

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Sunil T0mar 10 on at

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RE: TDS in india localisation

Hey can anybody tell me how to deduct TDS on foreign vendor in navision

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mmv 11,471 on at

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RE: TDS in india localisation

Please verify the solution. thanks.

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sanjeet 2,205 on at

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RE: TDS in india localisation

Financial Management/Setup/Income Tax/NOD/NOC Required.

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Swati Chauhan 205 on at

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RE: TDS in india localisation

Dear Manoj,

You need to set nod line to the vendor. Financial Management/Setup/Income Tax/NOD/NOC List. After creating the Vendor's NOD then reselect the vendor on Purchase order and make the Po line, select the TDS nature of deduction in line.

System will allow you to select the TDS nature of deduction

Thanks,

Swati

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MS Dynamics NAV 55 on at

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RE: TDS in india localisation

Saurabh is right, Just check you NOD/NOC list in Departments/Financial Management/Administration/Income Tax.

Just make sure your TDS Threshold Amount must be less then to PO amount, other wise system will not calculate your TDS amount.

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Community Member on at

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RE: TDS in india localisation

[quote user="Saurabh Shah"]

Nature of deduction comes from NOD/NOC function. please make sure that you have setup this master. once it is setup, you will have the TDS nature of deduction available in purchase line.

Good luck

Saurabh Shah

[/quote]

At NOD/NOC, we map the required TDS with Vendor.

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Saurabh Shah 4,560 on at

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RE: TDS in india localisation

Nature of deduction comes from NOD/NOC function. please make sure that you have setup this master. once it is setup, you will have the TDS nature of deduction available in purchase line.

Good luck

Saurabh Shah

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