Demand u/s 156
This query is : Resolved
29 December 2011
can a demand U/s 156 for a private limited co. can be adjusted with TDS
thanks with regards
can a demand U/s 156 for a private limited co. can be adjusted with TDS
thanks with regards
29 December 2011
Dear Manoj
TDS of that particular year is to be adjusted for that years income tax liability only.
Eg for FY 2009-2010 TDS is Rs. 10000 and tax liability is Rs. 15000 so you can adjust liability only to the extent of Rs. 10000 and pay Rs. 5000. Accumulated TDS amounting to Rs. XX for the financial year 2010-2011 cannot be set off with the tax liability of financial year 2009-2010.
I hope this solves your problem.
TDS of that particular year is to be adjusted for that years income tax liability only.
Eg for FY 2009-2010 TDS is Rs. 10000 and tax liability is Rs. 15000 so you can adjust liability only to the extent of Rs. 10000 and pay Rs. 5000. Accumulated TDS amounting to Rs. XX for the financial year 2010-2011 cannot be set off with the tax liability of financial year 2009-2010.
I hope this solves your problem.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- CHECK RELATED
- New GST registration for new place of business.
- Renovation exp. in flat by family member
- Change Of Karta In Case of Death
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
Quick Links
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
