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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- 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
