excess tds paid to government
This query is : Resolved
31 May 2011
I had paid Rs.Rs.25709/- instead of Rs. 1950/- u/s 194 c to government. The payment was related to last quarter of the F.Y 2010-2011 and there is no tds laibility against which i can set off this excess paid tds amount.
So now can i adjust excess tds paid by
Rs.23759/- against my income tax liability of the F. y 2010 - 11?
If yes than wht is the procedure?
So now can i adjust excess tds paid by
Rs.23759/- against my income tax liability of the F. y 2010 - 11?
If yes than wht is the procedure?
CA PARAS BAFNA
(Expert)
31 May 2011
The Excess TDS will be refunded back to you.
Just file your quarterly returns and wait for sometime.
Intimation for refund will be sent to you after processing the TDS details.
You may Refer Section 200A.
Just file your quarterly returns and wait for sometime.
Intimation for refund will be sent to you after processing the TDS details.
You may Refer Section 200A.
Message likes :
1 times
CA PARAS BAFNA
(Expert)
31 May 2011
You can not set off excess TDS paid against your tax liability.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
