Hi friends,
Please help me.. Can anyone provide me with the concept, setup, process involved and accouting of Withholding Tax in Oracle Apps?
Thanks
Withholding Tax
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- Posts: 66
- Joined: Thu May 31, 2007 4:26 am
- Location: India
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.
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.
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