In our Case..TDS on Professional Charges has been paid to the government but not cut while paying the professional charges...So should the person be given the credit and excess money paid shown as advance or adjusted in the next year???
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TDS PAID,BUT NOT CUT!!!
Replies (6)
Simple..You can deduct the amount from subsequent bill(s), if any. Or else ask him to return the amount of TDS paid by you.
the only waq left is to Dr.TDS amount his account & Adjust in future bills credit.
Ask him to return TDS amount. Thats it..so simple
Either charge amount to party's next bill or Dr. the same in expenses head
either adjust this amt. in next bill or ask him for return.
u also may bare it if u have excess money
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