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 Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
