Form 26 AS found negative entries how to treat these entries in accounts - "Party is a Contractor"
Bank deduct TDS on Interest - Amount credit Rs.3550 (negative) TDS RS 355 (negative)
What is the Journal entry????
3 Replies
ACA Anurag
(Enjoy the little things)
(14706 Points)
Replied 27 August 2016
Dear User,
Don't post a single query again.
Don't post a single query again.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 27 August 2016
DEAR SIR
WHAT YOU MEAN NAGITIVE ENTRY(-) (MINUS), IF YES THAN THIS ENTRY MAY ALSO SAME SHOW IN 26 AS AS POSSITVE AND NAGITIVE
AND YOUR AMT IN ZERO
IF YOU DO NOT UNDERSANT , KIDNLY ASK YOUR QUERRY ONCE AGAIN WITH EXAMPLE
Anand Mundra
(CHARTERED ACCOUNTANT)
(24 Points)
Replied 28 August 2016
Dear User,
If by mistake u have been given credit previously by a deductor, then after he files his revised etds return, then the same shall show in your account as NEGATIVE.
No need of journal entry
hope this will suffice
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