TDS reverce related query
This query is : Resolved
Quick Summary
Pooja Bahukhandi
(Querist)
01 August 2025
if we deducted tds and paid after deducted amount to party but after 8 month we received its credit note than should we reverce its tds or not
Dhirajlal Rambhia
(Expert)
01 August 2025
If TDS has already been deducted, paid to the government, and the TDS return filed, but you subsequently receive a credit note (such as for a purchase return or value reduction) in another quarter, the standard practice is that TDS adjustment or reversal is allowed only if the amount is actually refunded by the seller—not simply based on receipt of a credit note.
Dhirajlal Rambhia
(Expert)
24 September 2025
Good Luck...
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