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Withholding tax rounding error - Payables India localization

Discussion in 'Oracle Financials' started by Chandra_Gen, Jun 22, 2012.

  1. Chandra_Gen

    Chandra_Gen Active Member

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    HI Guys, can some one help me how to fix the WHT/TDS rounding of amount error? currently we are using Oracle 11.5.9 version

    for example.

    Invoice value - INR 1,570
    TDS @ 2% - 31.40

    When system generated the Automatic witholding tax entry - it has rounded to the nearest value for INR 31. From system stand point its correct, from compliance standpoint its wrong, when we do the reverse calculation the TDS% comes to 1.99%

    Appreciate for swift reply.