DURING PREVIOUS YEAR I HAVE DEDUCTED TDS ON INTEREST OF RS 1LAC AND HAVE NOT DEPOSITED TDS TO THE GOVERNMENT. BUT THE DEDUCTEE HAS ALREADY CLAIMED THE AMOUNT BY PAYING INTERST INCOME AND GETTING CA CERTIFICATE.
HOW SHOULD I RECORD THIS JOURNAL ENTRY IN THE BOOKS OF DEDUCTOR WHERE TDS LIABILITY HAS ALREADY BEEN CREATED?
IF POSSIBLE GIVE EXAMPLE.
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