17 February 2011
Suppose i had not deducted TDS while making payments to my client, but i had paid it in TDS return even it has not deducted no such entries were passed by me!!
Payment entry
Mr.A a/c...Dr 10000 To, Cash/ bank 10000
"I had not deducted TDS on 10000 but a had paid it in TDS Return"
can I debit this excess paid TDS in P& L a/c if yes what entries i need to pass????
17 February 2011
But since you have already showed the party details (deductee details) in your etds return, you have no choice but to ask the party to pay it back to you.
CAclubindia
