Tax Not Deducted On Value Date
(Doc ID 2773390.1)
Last updated on MAY 03, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
In CL contract, for product RCDI the interests are pre-deducted i.e. they are due at the value date of the contract item for the tax on the interests. But the observation is that on the RCDI contracts the TAX on the interests is due at the end or maturity of the contract.
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