Taxation
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      1. Shipmnts Knowledge Base
      2. Finance Management
      3. Taxation

      Adding Tax Withholding Categories and Ledger Mapping

      How to Add Tax withholding category and mapping TDS ledger in Shipmnts.
      Let us understand this by taking an example:
      Adding TDS payable ledger on professional fees.
      • Go to Navigation Tab
      • Click on General Ledger
      • Under Set up section > Click on Chart of Accounts
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      • Under TDS payable
      • Add child as TDS pay on professional fees.
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      • Enter details of ledger
      • Click on create new.
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      • TDS ledger created into the system.
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      • Next step is to adding tax witholding category and mapping TDS ledger.
      • Go to Navigation tab
      • Go to Taxation
      • Under Section Tax Configuration > Click on Tax Witholding Categories.
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      • The system will redirect you to the Tax withholding categories page.
      • Click on New for adding the TDS category.
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      • Add Tax witholding category details.
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      • Enter Single Transaction Threshold Limit.
      • Enter Single Cumulative Transaction Limit.
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      • Map the TDS ledger in the account section.
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      • Then Click On save.
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