Adjustment of excess tds payment
This query is : Resolved
K Mahalanabish
(Querist)
13 October 2014
Can excess payment on account of 194(C) in one month be adjusted in the next month by making short payment and by filling the return accordingly claiming the tax credit of such excess payment in its subsequent month?
CA Sanjeev Kumar
(Expert)
13 October 2014
yes, this can be done in trade parlance..
14 October 2014
Yes, but you need to be careful while filing e-tds return to avoid notices.
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