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Former Member
Aug 29, 2011 at 07:16 AM

TDS reverse



entry: AT the time of booking invoice

Expense account DR 1000000

Vendor account CR 700000

TDS payable account CR 300000

TDS has been paid to governament

Now issue is, this vendor is not TDS vendor. So, we should have not deducted TDS.

Now please tell me how should i proceed....

Do i need to reverse somewhere or

can I adjust TDS somewhere?

Please suggest me.