TDS On Debit Note
This query is : Resolved
18 October 2008
How to calculate TDS on Purchase debit note in Navision.
Scenario is as follows;
Suppose a vendor who had supplied some service( e.g. job work on Raw Matl),
the
bil was Rs 100. TDS on Rs 100e.g Rs 2. So net payable amount to vendor is Rs
98.
After some time it was relaised the need to issue a debit note to the
supplierbecause of faulty job work.The debit note was of Rs.50 and TDS on this
Rs 1.
So the net amount payable to vendor is Rs 49 {100-2-(50-1)}.
So,TDS is not calculated on Purchase debit note.
Thanks & Regards.
Scenario is as follows;
Suppose a vendor who had supplied some service( e.g. job work on Raw Matl),
the
bil was Rs 100. TDS on Rs 100e.g Rs 2. So net payable amount to vendor is Rs
98.
After some time it was relaised the need to issue a debit note to the
supplierbecause of faulty job work.The debit note was of Rs.50 and TDS on this
Rs 1.
So the net amount payable to vendor is Rs 49 {100-2-(50-1)}.
So,TDS is not calculated on Purchase debit note.
Thanks & Regards.
20 October 2008
The TDS is applicable only on actual labour charges after allowing the deductions for rejection.
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