Excess pmt of TDS

This query is : Resolved

Bala Abiramy (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 December 2008 In the given situation ,the difference can be adjusted in next month.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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24 December 2008 ADJUST IN WITH SAME VENDOR SUBSEQUENT PAYMENTS. NO SPECIFIC DECLARATION TO IT AUTHORITIES NECESSARY

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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24 December 2008 Excess payments may be adjusted in subsequent periods

CHEZHIYAN

CHEZHIYAN (Expert)
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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

CHEZHIYAN

CHEZHIYAN (Expert)
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24 December 2008 the latest Validation Software given by the Dept Accepts even the Payment Made Before Deduction

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