Normally we pay to our director Rs 0.75 lac per month after Tds deducted
We have paid advance director’s remuneration total of Rs. 1.25 lac by cash (shown in books under current asset ledger name is advance against director’s remuneration ) in f.y. 10-11. but not deducted any TDS against the above payment
Now in f.y. 11-12 what to do ? should it be adjust against current year’s remuneration ? actually we have already paid current years remuneration upto july’11 and deducted tds is already deposited in bank
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