In our Case..TDS on Professional Charges has been paid to the government but not cut while paying the professional charges...So should the person be given the credit and excess money paid shown as advance or adjusted in the next year???
6 Replies
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 29 April 2008
Simple..You can deduct the amount from subsequent bill(s), if any. Or else ask him to return the amount of TDS paid by you.
O.D.SHARMA
(DGM-F & A)
(1734 Points)
Replied 29 April 2008
the only waq left is to Dr.TDS amount his account & Adjust in future bills credit.
Sathyanarayana.B
(Senior Executive- Finance)
(49 Points)
Replied 29 April 2008
Ask him to return TDS amount. Thats it..so simple
CA. Kirti S. Ganatra
(Service)
(1461 Points)
Replied 29 April 2008
Either charge amount to party's next bill or Dr. the same in expenses head
Ankit Khandelwal
(Student)
(24 Points)
Replied 29 April 2008
either adjust this amt. in next bill or ask him for return.
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