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what is withholding tax? when we use withholding tax?
what are the procedure in steps for calculating tds plz
tell me about all........
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Answer Posted / ramu naidu
Withholding tax means to calculate in tax on payments only.
In India withholding tax is taken for the TDS sections
194C,194J,194I and soon.
Check withholding tax countries
Define withholding tax type for invoice posting
Define withholding tax type for payment posting
Define withholding tax codes
Formulas for calculating withholding
Assign withholding tax type to company codes
Activate withholding tax
create GL account and Automatic postings
Assigning W/tax types to vendor master
| Is This Answer Correct ? | 118 Yes | 30 No |
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