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Former Member
Feb 14, 2012 at 07:47 AM

Withholding tax is not getting reversed while adjusting the Advance.


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.