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Wrong WCT Calculated When Prepayment Applied Before Validation Of Invoice (Doc ID 2118613.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Financials for India - Version 12.2.4 and later
Information in this document applies to any platform.


On : 12.2.4 version, Tax Deducted at Source-Payables

Wrong calculation of WCT taxes when prepayment applied before validation of invoice

1) Navigate to India Local Payable
2) Create the prepayment(testpre35) 1000 Rs and attach the TDS tax @2%
2)Validate it
3)make a payment of prepayment
4)Create the Standard invoice (
 test7979 ) 2000 Rs and attach the TDS@2% and WCT@2%
The WCT is calculated wrong i.e 20
 It should be 40 as per below
 2000*2% = 40


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