banner_ad

Tds receivable not debited in last year

Accounting Entries 595 views 1 replies

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.

Replies (1)
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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details