25 March 2010
Hi.. There is a situation where the expense was booked and TDS was correctly deducted. The same is paid to the credit of govt in due time. Later the transaction got canceled and the entry exp is now reversed. and Money is due to the party. he 'll demand the full money but the question is in such case, what to do abt the TDS payment already made??
To claim refund? (if yes, how?) To adjust with the expenditure of the other party?
CAclubindia
