Summary of Section 194R changes in sap fico | J1INJV | TDS u/s 194R | With holding tax | The SAP Consultant

00:00:00 - 00:05:00

This video explains how businesses need to change their sap fico systems in order to comply with the new section 194r of the Indian budget. This includes changes to the way tax is deducted from benefits received, and implementing new logic for accumulation and threshold checks.

• 00:00:00 The new section 194r in the Indian budget 2022 has changed the way tax is deducted from benefits received, such as those received in connection with foreign business dealings. This video shows how to implement the changes in the sap system, and provides documentation on how to do so. There are a few manual activities that need to be performed in order to configure the system for this new section 194r, and sap has provided documentation on how to do so.
• 00:05:00 This video explains how the TDS (withholding tax) section 194R changes in sap fico. The new rules state that there is no threshold amount of 20,000 continuation in the standard sap solution, so businesses need to implement their own logic for accumulation and threshold check.