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Tds
deductor had deducted tds in march and I (being deductee) received payment in april I.e next year and according I took tds credit in current year (I.e year in which I received payment) due to this my 26AS And TDS receivable ledger (tally) are not matching pls advice what should be the accounting entry
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Hi,In the case of Non salary deduction, in the ITR there are 2 additional columns stating the year in which TDS deducted and the amount claimed . You can adjust the TDS amount here in the next year while filing return of income.
Ok..but how to match tally with 26AS.OR its ok if i prepare reconciliation in paper
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