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Securities module: Withholding Tax not getting computed for Treasury Bill Realized Profit During Sale(SSLP) event (Doc ID 2618578.1)

Last updated on DECEMBER 12, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.2 and later
Information in this document applies to any platform.


On : 12.0.2 version, Implementation Support,SET in UAT environment

While booking deal system calculates and processes withholding tax based on discount accrual * tax rate. During processing YACR event system post's tax accrual entries accordingly. In case of Pre-redemption processing system is not calculating tax on Realized profit . Hence realized profit is liquidating without tax entries

In case of Pre redemption processing system also, should calculate tax on Realized profit and accordingly realized profit should liquidate tax entries

The issue can be reproduced at will with the following steps:
1. Launch SE screen
2. Book and authorize a deal. Verify that the system processes withholding tax accounting entries during YACR event during EOD process
3. On Pre-redemption of the same deal, system not calculating and processing tax entries during EOD process


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