Hello,
We have provided provision of expense on Mar'20 with applicable TDS rate. Now if we receive party's bills post 14.5.20 wherein TDS applicable with abated rate of 25%.
Now what to do in this case, as we have given excess TDS credit / payment by 25% of TDS rate.
Thanks in advance.
Entries booked in Accounts before 14th May 2020 will have normal TDS only.
Hi do every calaculate tds using a different formulae eg. Tds on bonus has one. Or is it safe to follow cleartax or tax adda rates? I think the latter os easy.
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