I want to ask that in any organisation many payments are made during the year and on those payments TDS is deducted so during any audit how do i check whether TDS has been properly deducted or not
one simple way is through vouching i.e take their system and check whether they have properly debited the amount or not
the other way is to rely on there data that they had deposited.
25 August 2008
You Can do that by scruitinising ledgers..
1. See the Expense ledger if you can get the report of supplier wise.. it is easy to find who are crossing the limit for TDS..or you can export that to excel to get the same reports..
2. you can check with your control figures.. i.e, Comparing total payments made and total TDS to be Deducted as per your calculation and What the have deducted ..
3. Also Checking their TDS Returns will be very heplfull
25 August 2008
You Can do that by scruitinising ledgers..
1. See the Expense ledger if you can get the report of supplier wise.. it is easy to find who are crossing the limit for TDS..or you can export that to excel to get the same reports..
2. you can check with your control figures.. i.e, Comparing total payments made and total TDS to be Deducted as per your calculation and What the have deducted ..
3. Also Checking their TDS Returns will be very heplfull
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