Tds set off

This query is : Resolved 
 


Querist : Anonymous (Querist) 09 January 2014

IS TDS SET OFF IS AVAILABLE OR NOT..?
EX.SUPPOSE I HAVE TDS PAYABLE IN JAN RS.2000 AND I HAVE TDS RECEIVABLE OF RS.1000..SO CAN I PAY ONLY RS.1000 OR NOT..??


CMA Ramesh Krishnan (Expert) 09 January 2014

No. TDS payable which you are paying for other persons tax. TDS receivable is the tax of yours. so cannot set off both , need to pay Rs.2000 total tds payable. Rs.1000 receivable you can claim in your income tax return



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