Writting off old tds from balance sheet

Hello,

I would like to know how do i pass entry to write off old TDS amount showing on the assets side in the balancesheet of a partnership firm? i guess the refunds received for the respective years were adjusted against some other account head, which is difficult to trace. any help would be appreciated.

Please note that I had similar problem in individual balancesheet also, but the same was adjusted against capital account.

Replies (1)

Captalised the same to partner.under rectification of last year error.

If you took initiative you will find through form16 given by client to you.

 

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