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Can any one please tell me the procedure of reversal of TDS payament?
mistakanely we charged wrong tds in the system that is why we need to reverse that invoice with its TDS.
Please resolve at earliest.
The link below says there is no solution....have a look at it.
Else, yet i don't know finance too much, wait for expert if this is not relevant to your question...!!!
In reply to Kashyap N Pandya:
You have to user TDS adjustment journal for the same because in Navision you can reverse TDS with credit Memo.
Firstly you have reverse TDS from TDS adjustment journal and then do the invoice reverse without selecting TDS in it.