hi
all friends
my question is , Bill recd during june 2008 Rs.50000/- as professional charges, but wrongly i deduct the tds @ 5.15% instead of 10.30%..and paid the balance amount of Rs2575 to party. now the account show the nil balance. but our auditor told that you have less deducted.
what is the less deducted amount. ie. 2575 or 2871
pls confirm me and what is its treatment in webtel
thnks
t bhatia
Dear friend,
You to 1st deduct Tds @ 10.30 of 50000/- = 5150 - (minus) Paid amt =2575, if any delayed add interest amt & diff amt paid into bank.
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