TDS on provision & subsequent billing

This discussion addresses a common accounting query regarding Tax Deducted at Source (TDS) when provision and subsequent billing occur across different financial periods with varying TDS rates. The user provided provision in March 2020 with a standard TDS rate, but received the party's bill after 14th May 2020, when the applicable TDS rate had changed to an abated rate. This has resulted in an excess TDS credit. The thread explores how to manage this discrepancy and discusses the use of different TDS calculation formulas versus relying on online tax portals.