SAP Knowledge Base Article - Preview

3191479 - 194Q Threshold Limit Setup for the New Fiscal Year

Symptom

The government introduced TDS Section 194Q, which mandates that any buyer responsible for paying a resident for the purchase of goods valued at or exceeding fifty lakh rupees in a financial year must comply with the specified provisions. This knowledge-based article is designed to assist customers in maintaining the threshold limit for the new fiscal year.
How to set an annual limit of 50,00,000? 


Read more...

Environment

  • Financial Accounting
  • SAP ERP Central Component
  • SAP ERP
  • SAP enhancement package for SAP ERP
  • SAP enhancement package for SAP ERP, version for SAP HANA
  • SAP S/4HANA
  • SAP S/4HANA Finance
  • This is relevant for India Localization or Country India Version (CIN) component.

Product

SAP ERP all versions ; SAP S/4HANA Finance all versions ; SAP S/4HANA all versions ; SAP enhancement package for SAP ERP all versions ; SAP enhancement package for SAP ERP, version for SAP HANA all versions

Keywords

TDS, Tax deducted at Source, India, Amendment, budget, FY, XX-CSC-IN-FI, CIN, Notification, 194Q, WHT, 0.1%, 10 crore, 50 Lakh, Fiscal Year, FI-LOC-FI-IN, 2021, FI-LOC-FI-IN-WHT, TAN, exemption , KBA , FI-LOC-FI-IN-WHT , Withholding Taxes , How To

About this page

This is a preview of a SAP Knowledge Base Article. Click more to access the full version on SAP for Me (Login required).

Search for additional results

Visit SAP Support Portal's SAP Notes and KBA Search.