08 July 2014
Sir, I work in Proprietorship firm my company did not cross 1Cr turnover, so we are return back TDS to respective TDS Dudctees. In this Case some queries are there please solve. 1) Can i delete TDS Payable Entry from Tally & make Payment entry Instead? 2) i have deducted TDS on Bill of Party (FY-13-14). (as per TDS deduction rule) but made part payment(FY-13-14 only), his balance payable amt reflecting in (FY-14-15) in this case what should i do.should i return his TDS or should i make payment as per actual payment made in (FY-13-14) or should i return him TDS as per deducted on Bill E.g. Professional fees Billing ( FY-13-14) Rs.1,50,000/- Part payment made (FY-13-14) Rs.90,000/- professional fees (194J) TDS deducted on Bill only e.i.Rs.15,000/- I request you all please reply as soon as possible.
CAclubindia
