Hi, i recently joined a shipping company as accounts executive, and now we are going on with scrutiny for A.Y 2011-12. Now my management asks me to prepare for 26 AS reconcilation.
I am having 26 AS in excel format and having tally, actually our company used to pass the tds entry in tally whenever the debtor gives information of deducting TDS( no TDS certificates are issued by them), and in the end of the year depending upon the amount of tds deducted by debtors in 26 AS, our accountant passed entry for remaining amount by crediting the debtor.
Now due to scrutiny my management asks me to go on with 26AS reconcilation.
I am totally confused with what to do? So please guide me.
CAclubindia
