This chapter contains the following topics:
This section discusses how to calculate tax deducted at source (TDS) on a prepayment.
To calculate TDS on prepayments:
Use standard and India-specific software to enter the prepayment information.
You enter TDS information on the India-specific entry form that the system displays after you enter standard prepayment information.
Calculate TDS.
See Calculating TDS.
Use the standard and India-specific software to enter the voucher.
You enter TDS information on the India-specific entry form that the system displays after you enter standard voucher information.
Use the standard software to split the payment into the nonpaid and prepaid amounts.
Apply the prepayment.
Run the TDS calculation for the nonpaid amount.
This section discusses how to calculate TDS on a suspense account.
To calculate TDS on a suspense account:
Enter the receipt for your purchase order.
Use standard and India-specific software to enter the logged voucher.
You enter TDS information on the India-specific entry form that the system displays after you enter standard information.
Calculate the TDS.
Match the logged voucher to the receipt when you receive the final invoice.
This section discusses how to calculate TDS on receipts.
When you work with accounts receivable transactions, you might need to calculate TDS that is deducted by customers at the time of collection. The JD Edwards EnterpriseOne Accounts Receivable system handles this type of a transaction in a similar manner to how it handles write-offs and charge backs.
To work with these transactions:
Create a reason code for the TDS deducted amount in UDC table 03B/RC.
Use the reason code that you create when you match receivables to invoices.
Close the invoice.