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Former Member

TDS amount not rounding for other then local currency

Hi 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.

Note:when ex.rate changing manual in miro that time TDS not rounding off(past ex.rates), when ex.rate maintain as par table ob08 its calculating with rounding correctly.

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

If you require any info please do let me know.

Please treate it as an urgent.

Thanks & Regards,

venki

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2 Answers

  • Posted on Apr 25, 2012 at 05:02 PM

    Hi Venki,

    Do not enter currency in Withholding tax round up in Customization

    Rgds

    Mani

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  • Posted on Apr 25, 2012 at 05:40 PM

    Just check the Rounding rule for few tax types in the configuration as below.

    Company code Tax type Currency Unit

    1000P1INR1001000P2INR1001000P3INR1001000P4INR1001000P5INR1001000P6INR100

    Path; SPRO -> Financial Accounting (New) -> Withholding Tax -> Extended Withholding Tax -> Calculation -> Withholding Tax Type -> Define Rounding Rule for Withholding Tax Type

    Please check it once

    Thanks

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    • Former Member Murali Babu Nallamothu

      Hi murali,

      yes, I have maintained rounding rule for all currencies, here my problem is when creating invoice through miro with USD currency, system not calculating as per withholding tax code percentage. i have maintained rate 20% on 100 base value, but its working INR currency and its calculating as per rate maintained in withholding tax code.

      regards,

      venki

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