Hotfix 2915283 is available for India withholding tax on prepayment invoice in Microsoft Dynamics AX2012 R2

The prepayment functionality was introduced in Microsoft Dynamics AX2012 on Accounts Payable.

This hotfix adds functionality for India localization where user can manage the calculation and settlement of India Withholding tax (TDS/TCS) on Prepayment Invoice.

Users will be able to mark TDS/TCS on the prepayment invoice line and make settlement accordingly. At the time of applying such prepayment to original invoice, Microsoft Dynamics AX will only calculate the TDS/TCS on the remainder amount and thus avoiding double calculation of tax.

Hotfix information

A supported hotfix is available from Microsoft. There is a "Hotfix download available" section at the top of this Knowledge Base article. If you are encountering an issue downloading, installing this hotfix, or have other technical support questions, contact your partner or, if enrolled in a support plan directly with Microsoft, you can contact technical support for Microsoft Dynamics and create a new support request. To do this, visit the following Microsoft website:

https://mbs.microsoft.com/support/newstart.aspx

You can also contact technical support for Microsoft Dynamics by phone using these links for country specific phone numbers. To do this, visit one of the following Microsoft websites:

Partners

https://mbs.microsoft.com/partnersource/support/

Customers

https://mbs.microsoft.com/customersource/support/information/SupportInformation/global_support_contacts_eng.htm

In special cases, charges that are ordinarily incurred for support calls may be canceled if a Technical Support Professional for Microsoft Dynamics and related products determines that a specific update will resolve your problem. The usual support costs will apply to any additional support questions and issues that do not qualify for the specific update in question.