Excess tds deposit
This query is : Resolved
19 October 2012
Dear Sir,
Suppose tds deducted in first quarter of fy 2012-13 is RS. 8000/-, however deductor deposited Rs. 12000/- through bank challan.
Now I want to ask that, whether the deductor can adjust the excess Rs. 4000/- in 2nd Quarter in head of another deductee record or not.
And whether the department can quetion the relevance of pre-deposited tax.
Please advise me.
Suppose tds deducted in first quarter of fy 2012-13 is RS. 8000/-, however deductor deposited Rs. 12000/- through bank challan.
Now I want to ask that, whether the deductor can adjust the excess Rs. 4000/- in 2nd Quarter in head of another deductee record or not.
And whether the department can quetion the relevance of pre-deposited tax.
Please advise me.
19 October 2012
yes it can be adjusted in 2nd Qtr provided the section code and the deductee code are same.
No, Department cannot question.
This adjutment is as per Department circular only.
No, Department cannot question.
This adjutment is as per Department circular only.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
