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TDS Process, Issue Certificate & Quarterly Return

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30 views8 pages

TDS Process, Issue Certificate & Quarterly Return

Uploaded by

Ancy Paul
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1. How many Co Codes are there.

2. How many Business Place / Section codes are there from where TDS returns are filled.-
3. Business area under one section code for which returns are filled.- please elaborate the point
not understanding what details need to share
4. This process is only for Withholding tax deducted through Finance (194J, 194C etc.).
5. This is not applicable for Salary TDS.-
6. Need to check whether are all withholding tax codes created in the system with latest rates and
section wise like 194C, 194J etc.-
7. To check if there is any mismatch in TDS GL report and J1INEMIS report.- manual entries taken
through any T Code, will not come in J1INEMIs report like interest on Debenture, interest on
loans etc

TDS Update Bank Challan, Issue Certificate and Quarterly return.

TDS
Tax Deducted at Source is one of the modes of collecting Income-tax from the assesses
in India. This is governed under Indian Income Tax Act, 1961, by the Central Board for Direct
Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service
(IRS), Ministry of Finance, Govt. of India.

Vendor Invoice with TDS

T-CODE : FB60

Prerequisite: Check vendor master should have maintained VAT Reg.No and Assigned
EWT Type and code

Create Vendor invoice through FI Side, In case invoice comes from MIRO (MM side)use
T.code J1INPP to update Business place
Creation & payment of TDS to Gov
When you have remitted the deducted TDS to the government, you are sent a challan confirming
that payment has been received. The system allows you to record the number of the challan in the
invoices from which the TDS had been deducted and paid.

T-CODE : J1INCHLN
In Above screen total basic TDS Remitted not updated
when you are creating “J1INCHLN – Create Remittance Challan“, “total basic TDS
remitted” is not updated.

You need to update 0 % for all the WH Tax type and Code combination, in below two
table (even though ECS and surcharge is not applicable).

SM30 – J_1IEWT_ECESS1
SM30 – J_1IEWT_SURC1

Enter Bank Challan


T-code : J1INBANK
Issue Certificates
You have already remitted the TDS to the government and recorded the challan number
in the transactions concerned (see Update of Challans). Only transactions with a challan
number can be included in certificates.
The certificate printing program uses SAPscript form J_1ITDSCERT. If there are some
changes in the certificate format this layout set can be changed accordingly.
If the certificates are to be divided by business area, with a unique number range per
business area, you must have maintained the sections as a combination of section and
business area, so for business area 0001 and section 194C, you could maintain the
section as 194C0001, for example.

t-code : J1INCER
Quarterly TDS Returns
You use the Quarterly TDS Returns report to generate electronic TDS returns for
payments other than salaries. You use the same report to generate the returns for
residents and non-residents by choosing either Form 26Q or Form 27Q respectively. You
prepare the returns on a quarterly basis.
T-code: J1INQEFILE

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