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Need India TDS Grossing Up Functionality (Doc ID 2781064.1)

Last updated on AUGUST 29, 2023

Applies to:

Oracle Fusion Tax Cloud Service - Version 11.13.21.01.0 and later
Information in this document applies to any platform.

Goal

On : 11.13.21.01.0 version, Setup and Configuration

Need India TDS Grossing up Functionality

In Some scenario we have to pay TDS amount in lieu of vendor without deducting any TDS from them.

Example.
Line Amount 100
TDS -10%

In general scenario we have to deduct 10 as TDS and pay 90 to Vendor and 10 to TDS Authority.

Our Requirement:
We will pay 100 to Vendor and 11(100*110/100)*10% to TDS Authority.
Line Amount will be 100+11 =111
 

Solution

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In this Document
Goal
Solution


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