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Former Member
Feb 14, 2012 at 07:47 AM

Withholding tax is not getting reversed while adjusting the Advance.

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Hi Gurus,

My client will give the advances to vendors and they will deduct in instalment basis.

The problem is at the time of advance payment tds is deducted at 2% Now the currrent rate is 3%.

I changed the tax code in vendor master and posted invoices, Whenever i am going to clear the invoice it is given error Withholding tax incosistancy.

I execueted RFwt010 program Now i am able to adjust the advance.

But it is not allowing to reverse the TDS.

Regards,

Prasad.