Option To Generate TDS Invoice Amount to the Nearest 2 Decimal Value (Doc ID 1991089.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, India AP Localizations

ACTUAL BEHAVIOR
---------------
IL - TDS amount should not be rounded, must be exact 2 decimal value

At present, we have following rounded off available in system

Sample:

Case 1-Rs.70.01 will be rounded off as nearest rupees Rs.70. ( Earlier rupee)
Case 2-Rs.70.51 will be rounded off as nearest rupees Rs.71. ( Next rupee)

Now in future, we dont want this rounding, the TDS amount should not be rounded and must be exact 2 decimal value.

EXPECTED BEHAVIOR
-----------------------
There should be a provision in the system to generate the TDS invoices rounding off to nearest 2 decimals.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. (N)->India Local Payables
2. Go to 'Inclusive tax accounting setup (TDS year info) '
3. Observe that there is no provision in the system to configure the TDS invoice generation feature to nearest 2 decimal value.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
1. Inaccurate TDS deduction leading to penalties with statute.

Cause

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