Lower Deduction Certificate
Handle vendors with lower TDS certificates
Lower TDS Deduction
What is Lower Deduction?
Vendors can apply to tax department for:
- Reduced TDS rate
- NIL deduction
- Based on their tax liability
Vendor Certificate
When vendor provides certificate:
- Go to vendor settings
- Add certificate details
- Enter certificate number
- Specify validity period
- Set reduced rate
System Behavior
For valid certificate:
- Uses reduced rate
- Tracks certificate validity
- Alerts before expiry
Documentation
Keep vendor certificates:
- For audit purposes
- Linked to vendor profile
- 8-year retention