ADJUSTMENT OF EXCESS TDS PAID
This query is : Resolved
ashutosh singh
(Querist)
08 February 2010
hello Experts!!!!!!!
1 of our client has deposited excess tds amt of Rs 12000 . whereas the tds liability for that month was Rs 10000.
both liability & payment was u/s 194c.
plz let me know what are the remedies available & help me in getting out of this situation...............
1 of our client has deposited excess tds amt of Rs 12000 . whereas the tds liability for that month was Rs 10000.
both liability & payment was u/s 194c.
plz let me know what are the remedies available & help me in getting out of this situation...............
CA Prashant Gupta
(Expert)
08 February 2010
as per theoritical method make application to A.O. But I didn't see yet any case in which Income tax refund TDS.
In practical see next month TDS bill if possible adjust it with that month in which TDS is more. by this you can adjust other's TDS with some else. Because you didn't provide detail with deposit so in return you can easily adjust.
for example if you deduct tds of A Rs. 10000 but paid 12000 in Nov 09. Check bill in Dec if there is bill of B in Dec in which TDS 194C to be deducted then adjust it with Nov excess. When you will file return in 15 Jan then adjust both.
In practical see next month TDS bill if possible adjust it with that month in which TDS is more. by this you can adjust other's TDS with some else. Because you didn't provide detail with deposit so in return you can easily adjust.
for example if you deduct tds of A Rs. 10000 but paid 12000 in Nov 09. Check bill in Dec if there is bill of B in Dec in which TDS 194C to be deducted then adjust it with Nov excess. When you will file return in 15 Jan then adjust both.
Message likes :
3 times
ashutosh singh
(Querist)
08 February 2010
thanx sir
bt if tds deposited in nov & adjusting it in december"s claim then will it not amount to tds deposited in adavnce???
can we do so?????
bt if tds deposited in nov & adjusting it in december"s claim then will it not amount to tds deposited in adavnce???
can we do so?????
Message likes :
1 times
CMA Ramesh Krishnan
(Expert)
08 February 2010
It is advance only but it will not be a problem you can adjust
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
