29 September 2007
our company received job work bills, and purchase bills from our creditors towards printing charges, but one of my collegue first mistekely deducted as below :
job work bill Rs.60862 purchase bill Rs.91513 total Rs.152375 tds 2.06% Rs.3139
above tds amount remitted to bank and paid.
after that mistake observed and rectified the purchase enttry Rs.60862 *2.06% Rs.1254/- actual tds amout so, excess 1885/- deducted and paid to bank what is the solution please sir?
29 September 2007
You may debit the entire amount to your creditor's account and file the return accordingly. Your creditor will get the credit on the basis of your return.
30 September 2007
If it is a single bill and there is a exitence of contract between the company and the jobworker for that entire amount TDS will attract.
CAclubindia
