We had raised a couple of consultancy services tax invoices on a proprietorship company, but both the times the company while making paying to us did not deduct TDS and remitted the full invoice amount to our company bank account. My question is - should I post a ITDS entry in my books or make a provision of this amt payable to that company if that company claims money from us for TDS deductible ? Or is there no need at present to post any such entry now in my books of accounts ?
Request please clarify. Thanks.
CAclubindia
