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OFI : Does TDS Functionality Work on Functional Currency Other than INR (Doc ID 3022953.1)

Last updated on MAY 15, 2024

Applies to:

Oracle Financials for India - Version 12.1 and later
Information in this document applies to any platform.

Goal

 There is a requirement for setting up a company in SEZ (Special Economic Zone) in India having functional currency in USD. There will be cases where supplier invoices would be in INR, For such cases need is to deduct TDS (Tax Deducted at Source).

Solution

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In this Document
Goal
Solution


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