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Hi friends,

Please help me.. Can anyone provide me with the concept, setup, process involved and accouting of Withholding Tax in Oracle Apps?

Thanks

Dear Admin,
Please help me with this topic..It is urgent
Thanks

Hi,

With holding tax means ,out of payment amount some amt is with held and has to be pay to the Government directly .For better understanding
u can take TDS for income tax purpose..

<b>Implementation setups:</b>
1.Govt has to be defined as supplier
2.Define a special cal
3.Define With holding tax group.
4.Set payable options-with holding tax tab
5.Tax group has to be attached with the supplier site.

u would need to make an invoice for the supplier(not the tax authority) with the withholding tax group attached with it.(go to menu-->extra buttons icon to get this new column.) then validate the invoice . u would find that the tax is calculated in the withholding tax column.

Dear Srinu

Can you tell me, where to create Tax Group and what are the important things involved in creating a tax group

Upendra

While Creating the Tax codes in the withholding tax details window(Setup-Tax Code-withholding tax details) check the check box create Tax group. This will create the tax groups automatically. Otherwise define the tax groups seperatly from setups-tax- Groups.