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
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