Amit,
WH more is technically wrong and not legal. Pyt to Vendor would be much lesser than what it would have to be. So the only option is to reverse the invoice and make correct WH and correct pyt.
Another option would be to post the below entry for the excess WH amount ((which I don't recommend):
Cr vendor
Dr WH account
Unless you reverse and pay vendor correct, you cannot issue TDS Form16A. System side you can chose not to issue Form16A, however in Form26Q, this will still figure out.
Thanks & regards,
Sekhar
| | | ---------------Original Message---------------
From: AmitS
Sent: Thursday, July 14, 2011 8:54 AM
Subject: Restriction for entry posting it two type of withholding tax code configured?
It is absolutely correct that at a time one Withholding tax should be selected & other should be zero out, but by mistake if both the TAX codes selected in that case is their any restriction or blocking can be done on posting the transaction? |
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