Tax Deducted at Source
This localization describes the India-specific features for reporting Tax Deducted at Source (TDS) on real estate.
In India, while reporting the TDS to the tax authorities, companies need to specify a section code along with the withholding tax (TDS) data.
Note
Section code represents the organizational unit responsible for collecting and remitting withholding tax, as identified by the Tax Account Deduction Number (TAN).
Each company can have more than one TAN, so in the SAP system, a company code can also have multiple section codes.
End of the note.
Features
You maintain section codes in the master data and report withholding tax data relevant for Flexible
Real Estate Management
(RE-FX) as required in India.