i have made payment of tds of salary & contractor of march 12 with in due date now we have arise a situation to rectify the same & also make payment for the same with interst. please suggest me the effect of same in my books.
in case of TDS salary on 31 march, first i have to recover TDS from employee after that payment entry should be made. whether i m correct or not. we are using tally payroll for the same. please suggest.