TDS is not calculated as per concessional rate in P75I15A, it picks rate from P75I10A
Hello Oracle
We have set the TDS rate for date range 1/4/2021 and 31/3/2022 as 1 % for TDS type C and per/corp value 1 under application P75I10A.
The supplier has 1 as value in Tax Information for person/corp field.
We have set the concessional rate for supplier as 0.5 % for TDS type C, under application P75I15A for date range1/4/2021 and 31/3/2022. We have also assigned concessional limit which is very high than the current year outstanding of the supplier.
Still the rate which is picked by system is 1 %, not 0.5%.
Please guide , if i am missing on something else.
Thanks and Regards