Tds
This query is : Resolved
26 November 2020
i received one freight bill on that tds is rs 158 , later on we receive credit note for freight bill tds is rs 5/- on that , what is the net payable tds , according to me it is 153/-. please confirm. Bill date for both the invoices is november 2020
And how to book these transaction in genius software means invoice as well as credit note , please clarify.
And how to book these transaction in genius software means invoice as well as credit note , please clarify.
27 November 2020
Please account as follows
Bill
Freight Debit
TDS credit
Vendor Credit ( net)
Credit note
Vendor Debit
TDS debit ( Since invoice and Credit note on the same day and if it is different month this is not possible)
Freight Credit
Bill
Freight Debit
TDS credit
Vendor Credit ( net)
Credit note
Vendor Debit
TDS debit ( Since invoice and Credit note on the same day and if it is different month this is not possible)
Freight Credit
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Consolidated financials
- TDS on TRUST
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- 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
