Adjustment of Excess paid Tds
This query is : Resolved
20 July 2010
Dear Friends
please clarify my doubt. Can we adjust previous year say FY 2008-09 excess paid Tds against current year 2009-10 tds dues, like adjustment of excess paid tds one quarter to another in a year.
Bhaskar
please clarify my doubt. Can we adjust previous year say FY 2008-09 excess paid Tds against current year 2009-10 tds dues, like adjustment of excess paid tds one quarter to another in a year.
Bhaskar
Sunil Kr. Sanganeria
(Expert)
20 July 2010
No it cannot be adjusted excess TDS of last year against the current ear. You have to claim refund in the last year.
IF you have deducted excess TDS on salry in One qUarter it can be adjusted against Second Quarter. In case of others it is not possible.
IF you have deducted excess TDS on salry in One qUarter it can be adjusted against Second Quarter. In case of others it is not possible.
Murtaza I Bhagat
(Expert)
20 July 2010
yes, sunilji is totally right.
20 July 2010
Thank you Mr. Sunil Kumar and Mr. Murtaza for your valuable suggestions.
bhaskar
bhaskar
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