Tally entry

This query is : Resolved

Jogesh Jain (Querist)
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05 August 2014 HELLO TO ALL,

FOR THE LAST THREE YEARS, IN ASSETS SIDE,THERE IS TDS (ASST YEAR-2010,11) STANDING TILL 14-15 IN A PROPRIETORSHIP.
WHEN REFUND RECEIVED THE ACCOUNTANT DO THE RECEIPT ENTRY IN INDIVIDUAL BOOKS.

I JUST WANT TO KNOW TILL THIS YEAR TDS IS NOT ADJUSTED OF LAST YEARS.
KINDLY ADVICE ME HOW TO ADJUST THAT TDS TO MAKE IT ZERO

PLZ SIR ADVICE ME AS EARLY AS POSSIBLE.......

CA UMESH DULAL

CA UMESH DULAL (Expert)
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05 August 2014 While doing receipt entry, he has created some head eg income tax refund. Segregate the TDS and interest component in refund and pass jv. (if income tax refund head is created then Income tax refund a/c dr to IDS)

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