Dear Experts,
Request your guidance on the below case related to TDS adjustment.
I had posted an Advance Payment of Rs. 12,94,327, in which TDS was deducted on Rs. 10,97,000, and the TDS amount was Rs. 1,097.
Now, I am posting the Purchase Invoice and applying the above advance payment against it.
Details are as under:
Applied Payment Amount: Rs. 10,97,000
(TDS Amount: Rs. 1,097)
Total Purchase Invoice Amount (TDS applicable): Rs. 11,27,338.50
After applying the advance payment, the remaining amount is Rs. 30,338.50.
Accordingly, the TDS amount should be Rs. 30.34, which is correctly updated in the third line.
However, the issue is that a negative TDS amount of Rs. –285.91 is calculated in the second line.
Further, in Preview Posting, I noticed that TDS entries are generated for Rs. –255.57 with a TDS base amount of 0, which is not clear.
Kindly guide on the following points:
1.Why is a negative TDS entry generated during the application of advance payment?
2.Why is the TDS base amount showing as zero for the negative TDS entry?
3.Why is the system generating a negative TDS adjustment instead of directly posting the correct TDS amount of Rs. 30.34 on the remaining invoice value?
Your guidance on the above will be highly appreciated.
