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Former Member
Jan 19, 2012 at 08:57 AM

Rounding Off in Withholding Tax,

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Dear Gurus,

We have sec 195 applied on a vendor say 1001. When we pass an entry with credit to vendor 1001 and tds also deducted. My problem is if the currency is usd then it is deducting correctly on all tds parts. But while seeing it on inr currency it is rounding off two decimal . For ex.

40- Exp GL - 33531.20 usd

31-- vendor 1001 - 30008.41 usd

50 TDS --


3522.79 usd

But in INR it is showing correct value in Exp Gl and also in Vendor but not in TDS. It is showing .00 in last 2 decimal .

If I delete rounding rule for withholding tax type for this TDS then it is showing correct figure in INR .bold I just want to know what will be other problem that will arise if I remove rounding rule for this withholding tax type .

Please guide.