Tag: TDS Calculation

Proposal For TDS On AR

The client would like to apply TDS on AR transactions. Proposal summary  This proposal outlines a comprehensive solution for integrating TDS seamlessly into NetSuite environment, ensuring accurate tax deduction, compliance, and efficient financial management. The proposed solution involves leveraging NetSuite’s functionalities along with customization to automate TDS calculation, deduction, and reporting for Account Receivables.  Requirement … Continue reading Proposal For TDS On AR

Proposal for Implementing TDS On AR in NetSuite

Proposal Summary  This proposal covers the scope of Implementing TDS On AR in NetSuite.  Aim of proposal:     To provide a detailed plan for setting up and managing TDS on AR processes in NetSuite, to improve compliance, accuracy, and efficiency in your organization’s financial operations. Specifically, the project will involve setting up a TDS on AR Criteria… Continue reading Proposal for Implementing TDS On AR in NetSuite

At the time of Prepayment, there should be an option to deduct TDS

Requirement: Cashgrail needs TDS calculation in vendor prepayments. Check how we can use TDS calculations in the vendor prepayment, as per India localization suit tax. Solution: The standard TDS Calculation does not support Bill Credit and Vendor Prepayment. Custom Solution: For a Vendor Prepayment, add a new transaction field called “TDS Calculation” to confirm the… Continue reading At the time of Prepayment, there should be an option to deduct TDS