Excess pmt of TDS
This query is : Resolved
24 December 2008
Hi All,
Tax on pmt to vendor u/sec 194J is deducted correctly but on remitting to the IT dept ,due to clerical error,the same was excess paid.
Now,can we adjust the amount as against the same vendor for the next month TDS remittance?
Can this be also explained in the TDS return that wd be filed every Qtr?
If not,what is the other remedy?
Thanks in advance
Tax on pmt to vendor u/sec 194J is deducted correctly but on remitting to the IT dept ,due to clerical error,the same was excess paid.
Now,can we adjust the amount as against the same vendor for the next month TDS remittance?
Can this be also explained in the TDS return that wd be filed every Qtr?
If not,what is the other remedy?
Thanks in advance
24 December 2008
In the given situation ,the difference can be adjusted in next month.
24 December 2008
ADJUST IN WITH SAME VENDOR SUBSEQUENT PAYMENTS. NO SPECIFIC DECLARATION TO IT AUTHORITIES NECESSARY
24 December 2008
Excess payments may be adjusted in subsequent periods
24 December 2008
My Dear Experts,
the file Validation utility given IT Department Will not Accept that,
Challan date cannot be Before the date of deduction
the file Validation utility given IT Department Will not Accept that,
Challan date cannot be Before the date of deduction
24 December 2008
the latest Validation Software given by the Dept Accepts even the Payment Made Before Deduction
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
