adjustment of excess tds deposited
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2011
can i adjust the excess amount of tds( for Q1) deposited in next quarter. kindly explain me in detail how can we adjust excess tds deposited in previous quarter to next quarter.
Thanks in Advance..
Thanks in Advance..
14 July 2011
What we do in these situations is that we fill the return by the excess deducted amount and give the deductee a certificate in FORM 16 of that excess amount only. By this way, the person from whose account we are deducting excess tax is getting extra credit so he doesnt disagree to that..
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