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Aug 05, 2010 at 07:26 PM

Issue with TDS amount reverse


Hello All,

We have done down payment for vendor and TDS is deducted @ 10% for the month of June and july but we supposed to deduct 2% only, We have issued check and cleared. How can we reverse document and post new document to deduct 2% TDS on the down payment.

If we print TDS certificate we need 2% amount reflect in the certificate not 10%.

Second senerio:- we have posted down payment for the next month if we reverse that document, that TDS amount also will reverse in the certificate or not.

If not how can we reverse TDS amount posted to certifice?

Please provide your inputs.