TDS Demand Adjustment
This query is : Resolved
03 February 2026
Hi,
We paid the Demand, for PAN Adhaar not linked of a person, and booked the extra amount of tds, in the previous year (journal entry for TDS payable), in that persons ledger...just wanted to know how we gonna adjust the amount deducted this year from his balance this year?
we paid the demand and subsiquently booked the amount of tds due in that person name in the previous year which makes TDS ledger a/c effect Nil...
We paid the Demand, for PAN Adhaar not linked of a person, and booked the extra amount of tds, in the previous year (journal entry for TDS payable), in that persons ledger...just wanted to know how we gonna adjust the amount deducted this year from his balance this year?
we paid the demand and subsiquently booked the amount of tds due in that person name in the previous year which makes TDS ledger a/c effect Nil...
04 February 2026
You should adjust the excess TDS amount booked in the deductee’s ledger against the current year TDS deducted by passing:
TDS Payable A/c Dr
To Party (Deductee) A/c
This ensures:
No double recovery
Correct TDS compliance
Clean ledgers
Zero mismatch in 26Q / 26AS
TDS Payable A/c Dr
To Party (Deductee) A/c
This ensures:
No double recovery
Correct TDS compliance
Clean ledgers
Zero mismatch in 26Q / 26AS
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
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- GST Reverse
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Sale of Equity shares for Purchase of Residential Property
- Payment to foreign customer
- Two seprate Invoice needed
- Non issue of e way bill
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Refund of 20%pre-deposit paid for stay application
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
