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
Replies (2)
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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