Tds on debit notes

Believe in Yourself (article) (139 Points)

04 August 2012  

Plz Reply,

We have deducted TDS on job work of Rs 100000/- @ 1% i.e Rs 1000/- on 2.feb.12,, now on 17.2.12 we raised debit note to the party for fault in work of Rs. 40000.

Now plz guide me that what will be the treatment for TDS on this debit note raised, because now the net bill is of RS. 60000 on which TDS should b Rs 600, but as we have already deducted Rs 1000/-, so what is the treatment regardibg this.

 

Thanks & Regards..