My Oracle Support Banner

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.

Symptoms

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

ACTUAL BEHAVIOR
---------------
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

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

STEPS
-----------------------
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



Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.