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What is the procedure to Set up NCI and how TRCS_NIBT aggregates to POwn?

edited Dec 11, 2024 7:15AM in Tax Reporting (Direct Tax) 1 comment

While consolidating the entities, I found that the subsidiary entities TRCS_NIBT Adjusted account is aggregated to parent at Percentage Consolidation (PCON) instead of Percentage ownership (POwn).

I have checked the definition of subsidiary method in TRCS which has been given by oracle which says "If PCON is 100% then the children of TRCS_NIBT Adjusted account will be calculated at 100% and rest all accounts are calculated at POwn. Also, in order to bring down the TRCS_NIBT Adjusted account which is calculated at PCON to POwn, it says to set up NCI to convert from PCON to POwn.

But in my case, TRCS_NIBT Adjustment account is aggregated at PCON even after setting up NCI.

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