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Tds in Sap

TDS (Tax Deducted at Source) is a method of collecting income tax in India, involving key concepts such as deductor, deductee, section codes, and TDS rates. In SAP, TDS configuration includes creating tax codes, assigning section codes, and posting transactions with TDS. The tax is automatically deducted during invoice or payment processing.

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34 views1 page

Tds in Sap

TDS (Tax Deducted at Source) is a method of collecting income tax in India, involving key concepts such as deductor, deductee, section codes, and TDS rates. In SAP, TDS configuration includes creating tax codes, assigning section codes, and posting transactions with TDS. The tax is automatically deducted during invoice or payment processing.

Uploaded by

05F1 KARTHIK
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TDS (Tax Deducted at Source) in SAP

TDS in SAP (India Localization)

TDS stands for Tax Deducted at Source. It is a means of collecting income tax in India.

Key Concepts:

1. Deductor and Deductee

2. Section Codes

3. TDS Rates

4. TDS Certificate

In SAP, TDS configuration involves:

- Creating TDS tax codes

- Assigning section codes

- Posting with TDS using FB60 or F-43

TDS is automatically deducted at the time of invoice or payment.

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