3
When we create a Purchase order and deduct a TDS on that. Now we have a prepayment where we deduct TDS (with a different TDS group) and apply this prepayment to PO. In this scenario, currently the system is not adjusting the base amount for TDS calculation.
Example: PO value is 50,000 and we have a prepayment on that.
1) Booking Prepayment: 10,000 and 2% TDS (Professional) on that. TDS deducted will be 200.
2) Booking Invoice: 50,000 (Apply prepayment 10000) and 2% TDS (Rent). Since TDS is already deducted on 10,000, Now the TDS base amount should be 40,000 but system is picking 50,000 for TDS calculation.
Example: PO value is 50,000 and we have a prepayment on that.
1) Booking Prepayment: 10,000 and 2% TDS (Professional) on that. TDS deducted will be 200.
2) Booking Invoice: 50,000 (Apply prepayment 10000) and 2% TDS (Rent). Since TDS is already deducted on 10,000, Now the TDS base amount should be 40,000 but system is picking 50,000 for TDS calculation.
STATUS DETAILS
Inactive