Hello,
I had posted some purchase invoices without deducting TDS, now i want to deduct the TDS for the same invoice. it there any possibility to deduct the TDS. if we go for journal then the TDS Entry is not affected. please help me in this regard.
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I have taken the following assumptions for TDS entry:
1. Assume that the payment has been already made on the said bill
2. Assume that the quarterly results has been finalised for taking into the vendor balance.
3. At the time accounting the bill we had an assumption that his service amount will not exceed the limit and the bill was accounted for less than Rs.20000/- value.
4. Now we had an option to engaged the same vendor for the future service. Assume that his bill value submited for Rs.40000/- (The earlier bill value Rs.19000/-).
5. The TDS rate already fixed in the TDS master. In case if I account the bill for Rs.40000/- the tds will be calcaluted for the said amount only. I want to deduct the TDS amount for the previous transaction amount of Rs.19000/-
6. Assume that we are doing e-filing thro navison. In that case, if we pass jounral entry, it will not reflect in the TDS ledger.
7. Pl. advise to proceed.
Regards
Baskar.S
1st Line Qty.= 1, Direct Cost 59000/-
2nd Line Qty=-1 Direct Cost 19000/-
Define TDS nature of deduction on Line 1 and post.
http://ssdynamics.co.in
http://ssdynamics.co.in