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S J

TDS deduction Error on Accrual

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

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 26, 2016 at 02:40 AM

    Hi SR J,

    You can check the PCC of the accrual first.

    What do you use for TDS deduction?

    Regards,

    Biao

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