Adjustment of TDS Paid
This query is : Open
05 December 2008
Respected Sir,
Suppose if I had Deducted and paid excess Tds u/s 194C then
A. Can I adjust it against future payments to same party (deductee),
B. Can I adjust the same against payments to other parties (where Tds is Deductible u/s 194C only)
C. Can I adjust the same against payments to other parties (where Tds is Deductible under any other section other than 194C)
D. If yes, then can I do the same in respect of excess computation and payment of interest on late payment of TDS
Suppose if I had Deducted and paid excess Tds u/s 194C then
A. Can I adjust it against future payments to same party (deductee),
B. Can I adjust the same against payments to other parties (where Tds is Deductible u/s 194C only)
C. Can I adjust the same against payments to other parties (where Tds is Deductible under any other section other than 194C)
D. If yes, then can I do the same in respect of excess computation and payment of interest on late payment of TDS
05 December 2008
A. yes if it is in same financial year.
B. No.
C. No.
D. Question is not clear to me. Hence left open.
B. No.
C. No.
D. Question is not clear to me. Hence left open.
07 December 2008
Thank you sir.
A. Sir, I need your further guidance that where the answers are NO, how can I take the refund of excess TDS paid.
and
B. In respect of Interest I meant that if interest on late payment was not payable or was miscalculated leading to excess payment, how does the law provides relief for it.
Thank You again
A. Sir, I need your further guidance that where the answers are NO, how can I take the refund of excess TDS paid.
and
B. In respect of Interest I meant that if interest on late payment was not payable or was miscalculated leading to excess payment, how does the law provides relief for it.
Thank You again
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