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TDS Query

Former Member
0 Kudos

Dear All

My client deducted TDS for a Vendor on an Invoice amount 100,000 @10%. on 28th July 2009. As per Act, he deposited the TDS amount as on 7th August 2009.

But on 18th August, a Debit note was raised on the Vendor for 50,000. The TDS was also reversed on the debit note.

Now my question is :

How to treat the extra TDS deducted?

What to show in Form 16A?

Pleae advice.

Thanks & Regards

Kanwaljit

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi

As the TDS is already paid, the debit balance of TDS shall be adjusted in other invoice. If not adjustable, it need to be recovered from the Vendor.

Rgds

CC

Former Member
0 Kudos

Hi,

Now you have to cancelled tds form16a and need to issue new form 16a for the amount 50000 @ 10%.

Cya

udayakumar.k