Chapter 70: Oracle Fusion Tax Implementation

Creating Tax Status for 194I Tax under Withholding Tax Regime

Tax Regime Code: INDIA TDS1

Configuration Owner: ABC CORP

Tax: INDIA_TDC_194I

TAX STATUS CODE: STANDARD

TAX STATUS NAME: STANDARD

Start Date: Date should be same as Regime start Date.

Set as Default tax status: Yes

Default Start Date: Date should be same as Regime start Date.

Controls and Defaults:

Allow Tax Exceptions: Yes

Allow Tax Exemption: Yes

Allow tax rate override: Yes.

Chapter 70: Oracle Fusion Tax Implementation

Creating Tax Status for 194J Tax under Withholding Tax Regime

Tax Regime Code: INDIA TDS1

Configuration Owner: ABC CORP

Tax: INDIA_TDC_194J

TAX STATUS CODE: STANDARD

TAX STATUS NAME: STANDARD

Start Date: Date should be same as Regime start Date.

Set as Default tax status: Yes

Default Start Date: Date should be same as Regime start Date.

Controls and Defaults:

Allow Tax Exceptions: Yes

Allow Tax Exemption: Yes

Allow tax rate override: Yes.

Chapter 70: Oracle Fusion Tax Implementation