A company has recorded an expense as provision in March month while closing of its books for the financial year 2013-14, and has deducted TDS on the provision so made for which the books were audited. TDS so deducted is also deposited.
Later, during audit for the financial year 2014-15, it was noticed that they have also recorded the same expense in the April month & TDS is also deducted on the amount so recorded. TDS was again deposited.
The expense amount would be recovered from party account by reversing the party ledger.
What should be the treatment in F.Y. 2014-15 for reversal of TDS amount so double deducted & deposited with the govt.? (The party has already taken benefit of TDS during F.Y. 2013-14 while filing its income tax return.)
What should be the treatment, if in the above case, the provision amount (say, Rs. 32000/-) and actual expense amount recorded in april (say, Rs. 35000/-) were different and the TDS was deducted on both the amounts.