Excess deposit of tds
This query is : Resolved
12 January 2012
hi, i need ur help....
one of our client deposit RS 600000 as TDS for the m/o december 2011 instead of Rs 60000.
now they have to file their quarterly return before 15 january. Please advise how do we get back excess RS 540000.
one of our client deposit RS 600000 as TDS for the m/o december 2011 instead of Rs 60000.
now they have to file their quarterly return before 15 january. Please advise how do we get back excess RS 540000.
13 January 2012
Excess payment can be adjusted against the payment of subsequent month in same qrt or next qurts.Unadjusted balance is lapsed. However in your case since the amount is high, it is advisable for you to bring this fact to the notice of ITO(TDS)before filing a return.
Excess payment can be adjusted against the payment of subsequent month in same qrt or next qurts.Unadjusted balance is lapsed. However in your case since the amount is high, it is advisable for you to bring this fact to the notice of ITO(TDS)before filing a return.
13 January 2012
yup i agree with nishad answer
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 CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- ITR 4 and Bank transactions
- FCRA 6 E- Intimation
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
