SAP Knowledge Base Article - Preview

3520233 - LDC provision made applicable to TDS under Sec 194Q

Symptom

Section 197 of the IT Act has been amended to allow application for lower deduction certificate with respect to TDS on purchase of goods under section 194Q of the IT Act. This change will be effective from 1st October 2024.


Read more...

Environment

  • Financial Accounting
  • SAP R/3
  • 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 Central Component all versions ; SAP ERP all versions ; SAP R/3 Enterprise all versions ; SAP R/3 all versions ; SAP S/4HANA 2022 ; SAP S/4HANA Finance all versions ; SAP enhancement package for SAP ERP all versions ; SAP enhancement package for SAP ERP, version for SAP HANA all versions

Keywords

Legal change, Purchase of goods, Tax deducted at source, TDS, Budget 2024, withholding tax, section 194Q, 197, LDC, Lower deduction certificate, India, FI-LOC-FI-IN, FI-LOC-FI-IN-WHT , KBA , FI-LOC-FI-IN , India , 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.