how to get correct figure of TDS
This query is : Resolved
25 August 2008
hello everybody,
I want to ask that in any organisation many payments are made during the year and on those payments TDS is deducted so during any audit how do i check whether TDS has been properly deducted or not
one simple way is through vouching i.e take their system and check whether they have properly debited the amount or not
the other way is to rely on there data that they had deposited.
shantanu
shantanuca@gmail.com
I want to ask that in any organisation many payments are made during the year and on those payments TDS is deducted so during any audit how do i check whether TDS has been properly deducted or not
one simple way is through vouching i.e take their system and check whether they have properly debited the amount or not
the other way is to rely on there data that they had deposited.
shantanu
shantanuca@gmail.com
25 August 2008
You Can do that by scruitinising ledgers..
1. See the Expense ledger if you can get the report of supplier wise.. it is easy to find who are crossing the limit for TDS..or you can export that to excel to get the same reports..
2. you can check with your control figures.. i.e, Comparing total payments made and total TDS to be Deducted as per your calculation and What the have deducted ..
3. Also Checking their TDS Returns will be very heplfull
1. See the Expense ledger if you can get the report of supplier wise.. it is easy to find who are crossing the limit for TDS..or you can export that to excel to get the same reports..
2. you can check with your control figures.. i.e, Comparing total payments made and total TDS to be Deducted as per your calculation and What the have deducted ..
3. Also Checking their TDS Returns will be very heplfull
25 August 2008
You Can do that by scruitinising ledgers..
1. See the Expense ledger if you can get the report of supplier wise.. it is easy to find who are crossing the limit for TDS..or you can export that to excel to get the same reports..
2. you can check with your control figures.. i.e, Comparing total payments made and total TDS to be Deducted as per your calculation and What the have deducted ..
3. Also Checking their TDS Returns will be very heplfull
1. See the Expense ledger if you can get the report of supplier wise.. it is easy to find who are crossing the limit for TDS..or you can export that to excel to get the same reports..
2. you can check with your control figures.. i.e, Comparing total payments made and total TDS to be Deducted as per your calculation and What the have deducted ..
3. Also Checking their TDS Returns will be very heplfull
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Average Cost Of High Quality Diamonds
- Accounting with Claude
- Rental income of jointly held property
- ITR-3 File/Error Found
- NRI INSURANCE ADVISOR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
