26 as credit & ar - tds o/s. liability

Abhijeet Somani (Working Capital Leader) (34 Points)

05 July 2012  

Hi,

If my customer deduct TDS amount at prevailing rate and same is deposited in govt accounts as per timelines and I see entry in my 26 AS, it is required to collect physical certificate for reducing TDS outstanding liability or I can reduce my AR - TDS receivable based on 26 AS entry and subsequently collect certificate for assessment purpose.

 

Pl. Guide.

Abhijeet Somani