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(India) Reversal of vendor TDS at the time of settlement when deducted on both Invoice and payment
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As per Income tax law, TDS should be deducted from the vendor invoice or vendor payment whichever is earlier. On enablement of this feature, if the user deducts TDS on both vendor invoice and vendor payment separately then at the time of settlement of vendor invoice with vendor payment, tax on the transaction posted later will reverse automatically through a related voucher.