TDS on provision & subsequent billing

vaibhav (student) (253 Points)

19 May 2020  

Hello,

We have provided provision of expense on Mar'20 with applicable TDS rate. Now if we receive party's bills post 14.5.20 wherein TDS applicable with abated rate of 25%.

Now what to do in this case, as we have given excess TDS credit / payment by 25% of TDS rate.

Thanks in advance.