Tds liability of past years
This query is : Resolved
Vivek B. Bhinde
(Querist)
10 June 2013
How to check whether any Past Year's TDS liability is pending to be paid or not ?
Thanks
Thanks
CA PARAS BAFNA
(Expert)
12 June 2013
Pending TDS liability may be of 2 kinds-
1. TDS deducted but not deposited
2. TDS was deductible but not deducted and not deposited.
.
My reply is covering the first aspect only.
.
Whenever TDS is Deducted, the account of payee is debited by crediting the TDS Payable A/c. If there remains a credit balance in TDS Payable A/c, you may verify from the same, as the liability has been paid or not.
.
1. TDS deducted but not deposited
2. TDS was deductible but not deducted and not deposited.
.
My reply is covering the first aspect only.
.
Whenever TDS is Deducted, the account of payee is debited by crediting the TDS Payable A/c. If there remains a credit balance in TDS Payable A/c, you may verify from the same, as the liability has been paid or not.
.
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