Change in TDS format for SAP

Change in TDS Format

Company Parameters

                        ·         New Field “Mobile No” added in Responsible Persons Details

Party Master

·         New CheckBox “Transport Contractor – No TDS Applicable” added . This will be visible only when TDS Section is 194C. This will enable entering 0 TDS deduction entries for reporting in eTDS statement.

·         Valid PAN must for all parties except where Sub Status is “Penal Rate”

Create Qtrly eTDS Statement

·         For FY 2010-11

o    100% valid PANs are required for Form 26Q/27Q and 85% valid PANs are required for Form 27EQ

o    Penal Rate Transactions may have pan as “PANNOTAVBL”

o    Email ID of company OR of responsible person mandatory

o    Phone No of Company OR Phone No of Responsible Person OR Mobile No of Responsible Person is mandatory

·         Reason for NIL/Lower Rate will be given as “T” for Transport contractors payment with  0 TDS and “C” for penal rate transactions