Hi,
whenever we are doing thershold setup there is thershold types SINGLE and CUMULATIVE.
"what is the difference between single and cumulative in thershold setup."
We are using 11i....
regrds
vijay
SINGLE AND CUMULATIVE DIFFERENCE
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Hi Vijay,
this is applicable for TDS alone.
TDS is deductible based on the Ceiling fixed by the Government ...
Assuming for a particular type of services the ceiling is 30,000 Rs ....now the question is for every payment you want to deduct the TDS or you want to deduct the TDS for the payment that would make it exceed 30,000 Rs.
Most of the clients use Single and deduct TDS for every payment made to the supplier ... which would result in excess TDS deduction ... later that supplier has to file his return and claim refund from Income tax Department.
Regards,
Karthikeyan
this is applicable for TDS alone.
TDS is deductible based on the Ceiling fixed by the Government ...
Assuming for a particular type of services the ceiling is 30,000 Rs ....now the question is for every payment you want to deduct the TDS or you want to deduct the TDS for the payment that would make it exceed 30,000 Rs.
Most of the clients use Single and deduct TDS for every payment made to the supplier ... which would result in excess TDS deduction ... later that supplier has to file his return and claim refund from Income tax Department.
Regards,
Karthikeyan
-
- Posts: 463
- Joined: Thu Nov 09, 2006 4:50 pm
- Location: India
- Contact:
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