[
https://issues.apache.org/jira/browse/FINERACT-1289?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=18048930#comment-18048930
]
Kapil Panchal edited comment on FINERACT-1289 at 1/4/26 8:44 AM:
-----------------------------------------------------------------
Hi Bharat,
I was going thru the code and it is creating the tax bifurcation its just that
it is in a different GL Account, (GLAccountIncome) and (GLAccountLiability).
The loan charge is captured granularly (see attached).
!Screenshot from 2026-01-04 14-00-13.png!
!Screenshot from 2026-01-04 14-00-49.png!
But for the loan charge it is also separately calculated and is not available
under the Assets GL Account:
!Screenshot from 2026-01-04 14-02-22.png!
!Screenshot from 2026-01-04 14-02-51.png!
I have created a loan charge for $1000 and added it to the loan product. See
also attached the pdf for loan calculation
schedule.[^repaymentschedule-2026-01-04.pdf]
You can refer to my calculations on
[https://demo.mifos.community/#/accounting/journal-entries] with client name as
firstname1 and last name as lastname1. Do let me know if there are any
questions?
Also do suggest what ticket can I pick up next?
Thanks,
Kapil
was (Author: JIRAUSER310058):
Hi Bharat,
I was going thru the code and it is creating the tax bifurcation its just that
it is in a different GL Account, (GLAccountIncome) and (GLAccountLiability).
The loan charge is captured granularly (see attached).
But for the loan charge it is also separately calculated and is not available
under the Assets GL Account:
I have created a loan charge for $1000 and added it to the loan product. See
also attached the pdf for loan calculation
schedule.[^repaymentschedule-2026-01-04.pdf]
You can refer to my calculations on
[https://demo.mifos.community/#/accounting/journal-entries] with client name as
firstname1 and last name as lastname1. Do let me know if there are any
questions?
Also do suggest what ticket can I pick up next?
Thanks,
Kapil
> Tax component not working as expected
> -------------------------------------
>
> Key: FINERACT-1289
> URL: https://issues.apache.org/jira/browse/FINERACT-1289
> Project: Apache Fineract
> Issue Type: Bug
> Components: Accounting, Charges
> Affects Versions: 1.4.0
> Reporter: Bharath Gowda
> Assignee: Kapil Panchal
> Priority: Major
> Fix For: 1.15.0
>
> Attachments: Screenshot from 2026-01-04 14-00-13.png, Screenshot from
> 2026-01-04 14-00-49.png, Screenshot from 2026-01-04 14-02-22.png, Screenshot
> from 2026-01-04 14-02-51.png, loan charge config.png, loan charge split not
> happening.png, loan product config -1.png, loan product config -2.png, tax
> component config.jpeg, tax group config.png
>
> Time Spent: 8h
> Remaining Estimate: 0h
>
> tax attached to the loan charge is not getting affected at the
> loan/accounting level
> To reproduce
> 1. Create a tax component-> create a tax group with the component created.
> 2. Create loan charge(any parameter, refer to the attachment for the
> parameters I used) and map the tax group created.
> 3. Add the charge to the loan product (with periodic accrual accounting)
> enabled
> 4. create/approve/disburse a loan from that loan product.
> 5. Ideally the charge with the tax attached should have JE splits for charge
> amount and tax amount separated.
> But the tax bifurcation is not happening
>
> Have attached
> product config screenshot, charge config screenshot, tax config screenshot,
> and loan issue screenshot for more understanding
> Please add a comment if you need any help
>
--
This message was sent by Atlassian Jira
(v8.20.10#820010)
