Credit note treatment

A/c entries 618 views 1 replies

Dear Friends,

My client has received a credit note related to the F.Y. 2012-13 in F.Y. 2013-14, now for TDS deduction whether I should reduce the  amount of Invoices received during F.Y.2013-14 with the amount of the credit note or it should be deducted on the whole amount of the invoices ignoring Credit Note.

Replies (1)
you should deduct the TDS on net Value Payable.


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