How to use J1IC194C - Annual Return under section 194c

SAP Transaction Code - Details

• Transaction Code: J1IC194C

  Description: Annual Return under section 194c

  Release: S/4HANA and ECC 6

• • Program: J_1IF26C

    Screen: 1000

    Authorization Object:

  • Development Package: J1IN

    Package Description: India

    Parent Package: APPL

  • Module/Component: FI-LOC-LO-IN

    Description: Logistics India

Smart SAP Assistant

• SAP Tcode: J1IC194C - Annual Return under section 194c

  
  Overview: 
  The SAP transaction code J1IC194C is used to generate an annual return under section 194C of the Indian Income Tax Act. This return is used to report payments made to contractors and sub-contractors for services rendered. 
  
  Functionality: 
  This transaction code allows users to generate an annual return under section 194C of the Indian Income Tax Act. This return is used to report payments made to contractors and sub-contractors for services rendered. The return includes details such as the name and address of the contractor, the amount paid, the nature of services provided, and other relevant information. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code J1IC194C in the command field. 
  2. Enter the company code for which you want to generate the return. 
  3. Enter the financial year for which you want to generate the return. 
  4. Enter the details of the contractor or sub-contractor, such as name, address, PAN number, etc. 
  5. Enter the details of the payment made, such as amount paid, nature of services provided, etc. 
  6. Generate and save the return in PDF format. 
  7. Submit the return to the Income Tax Department. 
  
  Other Recommendations: 
  It is recommended that users keep a copy of all returns generated using this transaction code for future reference and audit purposes. Additionally, users should ensure that all information entered is accurate and up-to-date before submitting the return to the Income Tax Department.