Advance Tax payment with TDS effect

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When calculating quarterly advance tax, it's important to correctly account for Tax Deducted at Source (TDS). The discussion clarifies that you should deduct TDS based on your company's books of accounts. This is because the TDS amount shown in Form 26AS might reflect a delayed remittance, making it appear lower than your actual liability.

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(Querist)
19 January 2023 While calculating quarterly advance tax liabilities TDS should be deducted, My question is TDS amount as per company Books of Account record or as per 26AS, which should be consider, and if there is difference in TDS amount in both record.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 January 2023 Deduct as per books of accounts.
There will be delayed remittance hence 26AS show less.
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Dinesh

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Dinesh (Querist)
19 January 2023 Thanks for the valueble response...sir
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 January 2023 You are welcome...
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