On FD Accured interest received after deducting TDS in the last year but Accountant have passed entry only for Accured interest received and not debited TDS receivable account and now in current year we have received Income Tax refund against TDS. So kindly confirm how can we adjust this amount when we have not having TDS receivable amount in opening.
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Tds receivable not debited in last year
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You said you have received refund of TDS which means you have claimed TDS on FD interest in your ROI. You only have to pass necessary correction JV in your books on 1st April of current year or simply make correction in relevant year's books if they are not already closed and reported in your ITR.
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