Tds setoff

This query is : Resolved

viraj26 (Querist)
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20 January 2014 If extra TDS is paid u/s 194J and there is shortfall of payment of TDS u/s 194C....can additional payment be setoff against shortfall??

CA Deven

CA Deven (Expert)
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20 January 2014 No you Cant....................

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 January 2014 however, you can claim refund of the excess TDS.

Also, if the TDS AO allows (which can happen where the TDS assessment is going on), set-off can be done..

CA Deven

CA Deven (Expert)
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20 January 2014 Nikhil can you provide me with the link which mentions Set off can be done

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 January 2014 it for the AO to do it..we have got notice for demand cancelled on the basis of argument that overall TDS liability has been met though under different sections.