banner_ad

Excess deposit of tcs through challan

This query is : Resolved 

26 June 2012 Sir,

Sale of Scrap booked in Feb 2012 of which Tcs amount was Rs.97000.We credited the Tcs amount of Rs 97000 with the govt on 7th March 2012 through challan 281.Subsequently it was found that the sale has taken place in the month of June 2012 so we reversed Feb 2012 entry and passed the sale entry in the month of June 2012.
Now my question is since we have already paid the TCS amount of Rs 97000 in the month of March 2012, will we have to deposit short of Rs 97000 by way of challan 281 on 7th July.

In nutshell how to save my organisation with the loss of 97000/-

27 June 2012 you should send a application to A.o For Rectification of Assessment year of payment of Rs 97000.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details