India WHT Calculation Formula for Foreign Suppliers
Summary
For Foreign Suppliers, Our client is looking for a specific calculation to happen, is it possible ?Content
Hi
We are configuring India withholding taxes and our client has a requirement that for specific foreign suppliers, they need to apply the withholding tax using the below formula. After going through some of the tax related presentations from Oracle, I find that such a calculation may not be possible within WHT, however I wanted to double check (as I could be missing something). And also please suggest if you have come across similar scenario for foreign suppliers to India where a different WHT calculation is needed. Client calls it as grossing up scenario.
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