Finance/Compliance Consultant
75804 Points
Posted on 08 November 2026
Provision with TDS later reversed or adjusted:
• If you made a year-end provision of Rs 5 lakh for 3 vendors, deducted TDS and deposited it, and the actual bills come later at different amounts:
– if the bill is higher, deduct TDS on the excess when booking
– if lower or not received, the excess TDS can be adjusted against future TDS for the same vendor in the same FY, or claimed as a refund (Form 26B) if not credited.
• Report as already done in the TDS return. Credit shows in the vendor's 26AS.