Does e-chain supports TDS?
Yes, e-chain supports all the statutory need of Tax Deducted at Source (TDS). Separate TDS tax category is maintained. When we create the Payable invoice, we assign the TDS category to the Invoice header. This information can default from Supplier if it is assigned to the same. On Approving the Payable invoice, the TDS amount gets reduced from the total invoice payable amount and is eligible for payment. The TDS amount is also deducted from the payable amount on the Payable reports such as Supplier Aging and Ledger Report. The TDS category can be applied to supplier additional information which is used when the supplier invoice is auto generated against the Purchase order receipt.
