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26 as credit & ar - tds o/s. liability

TDS / TCS 640 views 1 replies

Hi,

If my customer deduct TDS amount at prevailing rate and same is deposited in govt accounts as per timelines and I see entry in my 26 AS, it is required to collect physical certificate for reducing TDS outstanding liability or I can reduce my AR - TDS receivable based on 26 AS entry and subsequently collect certificate for assessment purpose.

 

Pl. Guide.

Abhijeet Somani


 

Replies (1)

Tds Certificate is must, tds amount screening in AS26 is not sufficent for net tax payments, pl collect from sources for documentation / further records.


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