{"id":40,"date":"2011-08-30T06:31:00","date_gmt":"2011-08-30T06:31:00","guid":{"rendered":"http:\/\/greytrix.com\/Blogs\/sageaccpacerp\/?p=40"},"modified":"2025-05-27T07:11:40","modified_gmt":"2025-05-27T07:11:40","slug":"handling-tax-deducted-at-source-tds-on-rent-paid-in-sage-accpac-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/08\/30\/handling-tax-deducted-at-source-tds-on-rent-paid-in-sage-accpac-erp\/","title":{"rendered":"Handling Tax Deducted At Source (TDS) on Rent Paid in Sage ACCPAC ERP."},"content":{"rendered":"<div align=\"justify\"><span style=\"font-family: arial;\"><span style=\"font-family: arial;\"><strong>Query:<\/strong> How to book Rent expense entry after deducting <strong>Tax Deducted at Source (TDS) in Sage ACCPAC ERP<\/strong>?<\/span><\/span><strong>Solution: <\/strong>By using Greytrix TDS (Tax deducted at Source) for Sage ACCPAC ERP.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">As TDS is applicable on Service Type Transactions, we can apply the same on Rent also. TDS is paid by the consumer to government on behalf of Vendor. However, according to the clarification by CBDT, Service tax should not be included in the base amount for calculation of TDS.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\"><strong>Procedure:<\/strong> When we want to deduct TDS on Rent, please add particular vendor\u2019s name in TDS Vendor master.<\/div>\n<div align=\"justify\"><strong>Path: <\/strong><br \/>\nTax Deducted at Source &gt; DT Setup &gt; Party Details, selecting Nature of Deduction for Rent<br \/>\nFrom Accounts payable module, create an invoice for Rent payment.<br \/>\nWhen you select Vendor to whom you have to pay rent, in Invoice screen, View TDS button is enable (Button enables only if you have entered respective vendor\u2019s name in TDS Vendor Master (Path : Tax Deducted at Source &gt;DT Setup &gt; Party Details , selecting Nature of Deduction for Rent)<br \/>\nSelect Document type as Invoice , enter the document no, enter total amount of Rent in Document Total field, select appropriate Rent Expense GL Account, Click on View TDS Button, based on the TDS percentage defined in Nature of Deduction master, we can see the TDS amt to be deducted.<br \/>\nSave the Invoice entry.<\/div>\n<div align=\"justify\">Whenever we create transaction entry of Invoice, prepayment or misc payment; automatically the adjustment entry on that document gets created with the TDS Amount in Adjustment entry screen, which is TDS entry.<br \/>\n<span style=\"font-family: arial;\">Post the adjustment entry.<br \/>\n<\/span><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\"><span style=\"font-family: arial;\"><strong>Remittance Entry<\/strong>: Remittance sequence is after posting Invoice and Adjustment Entry. We make the remittance entry after deducting TDS Amount from Vendor\u2019s Invoice or Prepayments. <\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Query: How to book Rent expense entry after deducting Tax Deducted at Source (TDS) in Sage ACCPAC ERP?Solution: By using Greytrix TDS (Tax deducted at Source) for Sage ACCPAC ERP. As TDS is applicable on Service Type Transactions, we can apply the same on Rent also. TDS is paid by the consumer to government on\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/08\/30\/handling-tax-deducted-at-source-tds-on-rent-paid-in-sage-accpac-erp\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[1146,2211,2835],"class_list":["post-40","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","category-tds","tag-greytrix-tds","tag-rent","tag-tds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Handling Tax Deducted At Source (TDS) on Rent Paid in Sage ACCPAC ERP.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/08\/30\/handling-tax-deducted-at-source-tds-on-rent-paid-in-sage-accpac-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Handling Tax Deducted At Source (TDS) on Rent Paid in Sage ACCPAC ERP.\" \/>\n<meta property=\"og:description\" content=\"Query: How to book Rent expense entry after deducting Tax Deducted at Source (TDS) in Sage ACCPAC ERP?Solution: By using Greytrix TDS (Tax deducted at Source) for Sage ACCPAC ERP. 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