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TDS on loan interest

Former Member
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Hi All,

we are using treasury module for loans. every thing is ok, but my users requirement is TDS deduction on interest payment. how it can be configure in system. how to route it in treasury business partener.

regards

KSR

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi,

You have to use derived flow concept. In customizing, there is node below flow types to define derived flows. In this define the procedure and also define the tax flow type for your interest flow type along with the percentage.

In your business partner master data, under the role of counterparty, in standing instructions tab, assign the derived flow procedure which you created. Now when a loan is created using this business partner, the tax flow will automatically be derived.

Regards,

Ravi