Excess TDS Paid to Govt. by Company
This query is : Resolved
28 May 2009
Is it correct if company adjust the excess TDS (92B)(of FY 08-09)amt paid to Govt in Fy 2009-10 against the TDS(92B) amt payable in FY 09-10.
e.g.
Excess TDS Paid Rs 8000 in FY 08-09
TDS Payable In FY 09-10 RS 18000
Paid before due date Only RS 10000.
e.g.
Excess TDS Paid Rs 8000 in FY 08-09
TDS Payable In FY 09-10 RS 18000
Paid before due date Only RS 10000.
VINEESH KHANNA
(Expert)
28 May 2009
I think you can not adjust between the two different financial years
CA Binal Shah
(Expert)
29 May 2009
Hello, Gud Morning
The assessee can not adjust excess TDS paid in one F.Y. against TDS liability of other F.Y, The only way is to claim refund for excess TDS paid in that particular F.Y. and in the following F.Y. the assessee is under obligation to pay full amt. of TDS liability.
The assessee can not adjust excess TDS paid in one F.Y. against TDS liability of other F.Y, The only way is to claim refund for excess TDS paid in that particular F.Y. and in the following F.Y. the assessee is under obligation to pay full amt. of TDS liability.
CA.BHARAT BHUSHAN
(Expert)
31 May 2009
No such adjustments can be made
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