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Fico Notes

Fico Notes

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Published by rajesh kumar pilla

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Published by: rajesh kumar pilla on Dec 13, 2009
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07/20/2013

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[ will be used with AP payments ]
IMG/FA/Global/Line Items/Controls
•Screen Variants
oStandard
oAustria & Switzerland
oFrance & Withholding Tax .
•IMG/FA/Global/WT
oBasic settings

Maintain countries IN India [No addl WTCountry]
Maintain types of recipients 01 individual
Define Income types SEW1 self employed cat 1
oCalculation/Maintain Tax Codes
Copy from GB & change, rates 2%, currency INR, posting with payment
i.e WT at the payment stage F-58, WT code T1, official WT Code
192C, Net Base for Tax Contrib OFF. Specifications for WT Rept keep
OFF. [ W1 ]
Maintain formulas is not necessary if a direct %age is specified above.

oPostings

Define A/c’s for withholding tax
Tran QST Dr 177000 Cr 177000 PK 40/50 Rules Dr/Cr

oReporting

Define recepient codes
•00 / / 01 / IN / Individual
Define forms for WT N/a. [ will be reqd for reports ]
Assign forms for WT reporting N/a
Assign Header / Footer Text – copy from default.
oDefine WT details in Vendor - FK02
oWhen entering an invoice FB60. System will inform that WT is applicable for the

Vendor.

oWhile using F-58 WT is calculated and amount payable is automatically reduced.
oIn case of part payment, WT A/c is credited when the payment is finally cleared.

55 by Harnath

FICONOTES : A guide to Configuring Financial Accounting and Controlling

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