What is the different between withholding tax type and
withholding tax code?
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Answer Posted / nirav
Withholding Tax type is Tax type which you want to apply on
Invoices.or on the net amount.i.e TDS on Contractor,TDS on
Rent, Proff Fess.
where withhoding tax code meanse from which rate you want
to deduct TDS. say suppose if you select 194C(TDS on
contractor) there is two code Gross up 2% or on net amount
2%
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