I am facing the issue with Treasury in the money market.
We have changed the TDS rate into the System from 10 To 5 % with effective from 1/07/2015.
Earlier it was 10%.
But now if we create the new Financial instrument in that case calculation of TDS on interest is coming perfect. but whatever the transaction has been created in the past so the calculation of interest is not coming correct.
Any one can help me on the issue. Is there any configuration require to change.
Please guide. it would be really appreciable.
TDS till 30.06.2015 should be 10% and from 01.07.2015 5%.
The cash-flow of both these transactions does not show this correctly.
In transaction 100029, TDS is calculated twice for the period 01.01.2015 - 30.06.2015, once with 10% rate and for the second time with 5% rate, which is not correct.
For the period 01.01.2015 - 30.06.2015, TDS should be calculated only once with 10%, only after 01.07.2015, TDS should be calculated with the rate 5%.
(Embedded image moved to file: pic11585.gif) In transaction 100018, TDS is already calculated with rate 5% the period 01.01.2015 - 30.06.2015, which is not correct.
For this period, it should be 10%, only after TDS can be calculated with the rate 5% starting only after 01.07.2015.