Subsequent deduction of tds

Tom S Peter (Article) (148 Points)

19 August 2011  

Dear members,

                               I'm having a doubt on deduction of TDS.

Consider the scenario,the accountant has omitted to deduct tax on a party for whom payment was made on November.

Later the auditors pointed it out before finalisation of accounts.What all procedures has to be done by the company inorder to avoid disallowance?

Pls reply....