Entry for Tax Collected at Source

Bhavesh (Accounts) (153 Points)

29 March 2023  

Hello Friends, In the FY 2021-22, we have forget to book TCS on sale in invoice for one of our client, we have paid the TCS in the year FY 2022-23 and now wish to raise the TCS debit note to the client, in this case what accounting entry has to be passed for rectifying in the books of accounts for the Year 21-22 and year 22-23.