Invoice raised ,amount not received but tds credited
This query is : Resolved
17 June 2014
Hi all, Our client has raised invoice for
rendered services and Tds credited to his
PAN Account in time.But he has not
received the amount either by cash or
cheque till year end.In the next financial
year the invoice got cancelled. How to
treat the invoice amount and tds?
Shall I go as per AS-4?
17 June 2014
You should make and entry of reversal of invoice and tds amount.
20 June 2014
you can reverse the same in next year.
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