Pls guide me through this awkward situation... one of our branch's office rent decreased from Rs. 36000 to 32000. Wef. Feb'13. But accounts team was intimated in JUNE'13. So how to adjust entry for advance rent for month of July'13 as we have to recover excess amount paid and tds also got deducted and paid every month.
12 June 2013
Tds deducted and paid will March-2013 you cannot do anything, only rent difference you can reverse and adjust with further rent. TDS from April 2013 onwards you can adjust with the further TDS deductions