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S J
Jul 12, 2016 at 09:52 AM

TDS deduction Error on Accrual

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Hello,

We have following scenarion:

  • TDS deducted on accrual at the end of year.

  • On Reset of accrual , the TDS account is not reversed - it being statutory deduction

  • On repayment of FD,again entire TDS is deducted- which leads to multiple and erroneous deduction of TDS

Please guide as to to how to handle the scenarion