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author's profile photo Former Member
Former Member

Withholding Tax Amount round off

Dear All,

When I post Vendor transactions in foreign currency, TDS amount is not getting round off in local currency(INR) where as we post vendor transactions in local currency(INR) TDS Amount is getting round off.

Please advise me how to make TDS amount round off in Local curency(INR) When I post Vendor Transactions in foreign currency.

Note:- Since TDS codes contain no rate, I am entering the TDS Amount in foreign currency at the time of invoice posting in withholding tax amount field.

If you require any info please do let me know.

Please treate it as an urgent.

Thanks & Regards,

Kumar.D

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2 Answers

  • Best Answer
    Posted on Jan 10, 2008 at 12:31 PM

    Dear kumar,

    if you want to rounding off TDS in local currency you have to define in tax type level only, if u enter the TDS amount directly you can't get the rounding off, u can only deduct the tds amount by using tax code only.

    regards

    sai krishna

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2008 at 06:36 AM

    HI ,

    check the configuration in teh below path & ,

    SPRO-F.Accounting-F.A.Global setting --with holding tax-extended with holding tax-calculation with holding tax typedefone rounding rule for with holding tax type.

    chandra

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