Urgent regards to TDS

[Former Member]

Dear all,

we are facing an issue that while maintaining vendor master record we didnt assigned W/H tax codes,and we raised the number of invoices in vendor accounts now our client realised that we need to deduct TDS for these vendors.

so now in this stage how can we deduct TDS ?

and if the TDS is deductd wrongly like for education cess insted of 3% we deduct 2% how can we rectify these documents

please suggest this is urgent Thanks in advance dear gurus.

regards

Syed

[durgasankar_innamuri · Accepted solution]

Hi,

One is reverse all and rebook

Another is manualy by vendor wise you have to pass entry because of that TDS will not generate and at month u should be very thorough that manually pass entries.

Maximum better is reverse and rebook by specifying tax codes in vendor master record.

Hope this is clear, if yes assign points

Regards,

Sankar