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In our last blog we had discussed about Sage X3 TDS configuration part which includes Fiscal Year, Responsible person, Branch Details that needs to be setup properly before starting up for Sage X3 TDS module. In this blog we will explore few more important settings that allows proper functioning of Sage X3 TDS module.
Nature of Deduction: This screen helps the user to maintain track on what TDS Section and amount range on which TDS should be deducted. Here, the user can also define the time slabs on which TDS percentage or amount should be deducted.
The “Nature of Deduction” may be Rent Commission Brokerage, Interest etc.
Here the user needs to define the NOD code with
Party Details: Sage X3 TDS party details options allows the user to maintain the records of the TDS payable vendors during the invoice or payment transaction.
In Party Details user needs to define vendor code with
Note: Nature of deduction defined here gets automatically populated during the AP transaction but user can change the Nature of Deduction manually.
TDS Options: Sage X3 TDS Options screen is the core setting of the TDS module. This screen basically contain four major setting for TDS module which need to be define to make Sage X3 module work properly.
Setting we need to be define in this screen are as follows,
We will know more about TDS in our next blog.
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