How to use J1IC194I - Annual Return under section 194i

SAP Transaction Code - Details

• Transaction Code: J1IC194I

  Description: Annual Return under section 194i

  Release: S/4HANA and ECC 6

• • Program: J_1IF26I

    Screen: 1000

    Authorization Object:

  • Development Package: J1I2

    Package Description: India, Phase II

    Parent Package: APPL

  • Module/Component: FI-LOC-LO-IN

    Description: Logistics India

Smart SAP Assistant

• SAP Tcode: J1IC194I - Annual Return under section 194i

  
  Overview: 
  The SAP transaction code J1IC194I is used to generate an annual return under section 194i of the Income Tax Act, 1961. This return is used to report the details of the tax deducted at source (TDS) on rent paid by tenants to landlords. 
  
  Functionality: 
  This transaction code allows users to generate an annual return under section 194i of the Income Tax Act, 1961. It enables users to report the details of the tax deducted at source (TDS) on rent paid by tenants to landlords. The return includes details such as the name and address of the tenant, the amount of rent paid, and the amount of TDS deducted. 
  
  Step-by-step How to Use: 
  1. Enter transaction code J1IC194I in the command field. 
  2. Enter the financial year for which you want to generate the return. 
  3. Enter the tenant’s name and address in the relevant fields. 
  4. Enter the amount of rent paid and TDS deducted in their respective fields. 
  5. Click ‘Save’ to generate the return. 
  
  Other Recommendations: 
  It is recommended that users check all details entered in the return before saving it, as any incorrect information may lead to penalties or other legal issues. Additionally, users should ensure that they are filing their returns on time in order to avoid any penalties or interest charges from the Income Tax Department.