Accounting entry for TDS not deducted but deposited by Bank

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..... Accounting entry for TDS not deducted but deposited by Bank
Query (Issue) Started By: - Ramesh Rangani Dated:- 1-5-2017 Last Reply Date:- 14-5-2017 Accounting - Auditing
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..... s Law
Hi Experts! Please advise which will be the proper account to be credited in following case. There was FD with Govt bank. By mistake they deducted short TDS on interest accrued during the y .....

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..... ear and auto renewed FD with interest (net of tds). After 31-Mar-2017, this was brought to their notice. They accepted the mistake and deposited tds (with applicable interest) in the month of Apr-2017 .....

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..... . To book TDS receivable on 31-Mar-2017, needs to pass the entry. In this case, please advise which account should be credited. (I doubt if we credit the amount to Bank account, it may be treated as l .....

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..... oan). Thanking you in anticipation, Ramesh Reply By Ravi Kumar: The Reply: you need not to pass any JV in your book , only bank will do the effect. in case of short booking re book this
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