How to make TDS adjustments entry..
Previous Year TDS was Rs.50
and No Income Tax was Payable.
Rs.50 not refunded in bank as it is less than Rs.100
Then how to write off this amount in accounts of book ??
No refund ( TDS receivable ) is your loss therefore , same will be debited to profit & Loss A/c
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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