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Thursday, June 2, 2016

9:02 AM    No comments

Revised TDS for Agents W.E.F 01.06.2016 in DOP Finacle



TDS percentage on Agent Commission is changed to 5% (from 10%) with effect from 01/06/2016. This change is configured in Finacle.
In the case of back-value dated transactions for which 10% TDS is already accounted for, necessary error entries & accounting should be carried out.

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