TDS adjustment on purchase returns: refunded amounts may be offset against next purchases; goods replacement needs no adjustment. Where a seller refunds money for a purchase return, the tax deducted may be adjusted against the next purchase from the same seller; where the return is ... Summary
TDS adjustment on purchase returns: refunded amounts may be offset against next purchases; goods replacement needs no adjustment.
Where a seller refunds money for a purchase return, the tax deducted may be adjusted against the next purchase from the same seller; where the return is replaced by goods, no adjustment of previously deducted tax is required.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
