RECTIFICATION

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B.SC
202 Points Posted on 08 September 2020
hai gd mng to all,
I had debited rent head in p&l Rs 4.20,000/- without deduct any tds for ay 19.20 this is 44 AB CASE.in this regard any rectification entries for ay 20.21 FOR last year mistake. any suggestions from your side.

D. SRINIVAS
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On 08 September 2020 at 11:07 Report
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Quick Summary
A user made an error by not deducting TDS on rent payments totalling Rs 4,20,000 for AY 19-20, despite being a 44 AB case. They are seeking advice on rectification entries for AY 20-21. The suggestion is to pay the outstanding TDS for AY 19-20 now, file the TDS return, and then claim this TDS as a deduction in AY 20-21.

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Practice
4510 Points Posted on 08 September 2020

You Pay TDS before filing return than claim deduction under Income Tax

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On 08 September 2020 at 11:34
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B.SC
202 Points Posted on 08 September 2020
Now wil pay tds for ay 19.20 . after paid tds have to file tds return. this tds can claim in ay 20.21
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On 08 September 2020 at 17:35

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