Revised balance sheet

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170 Points Joined June 2009

Dear All,

 Pvt Ltd Co. filled the balance sheet for the FY 2017-18. After filling the balance sheet, Company's debtor amended the 26 AS tds portion ( On Commission),earlier the amount paid was more now the amended tds the amount paid is less. So the tds deducted taken in balance sheet is more. Now the company required to revise the balance sheet or additional notes will work. Any impact on balance sheet if the balance sheet not being revised. Any legal compliance . What will be the correct solution. Please advice.

Thanks & Regards

 Mukesh
 

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On 31 October 2018 at 17:19 Report
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Can u please give more information ? 

Was the sale and TDS amount booked by you in ur BOA correct ? if yes and the customer makes a mistake in return filing, u dont have to amend the BS

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On 31 October 2018 at 17:53
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170 Points Joined June 2009

Earlier the paid credit amount and the tds deducted on the specified date has been  amended by the customer and revised the tds amount.

In our books the amount taken into credit as per tds shown earlier while preparing balance sheet accordingly the balance sheet prepared.as per 26 AS

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On 01 November 2018 at 09:59


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