Excess tds payment adjustment

This query is : Resolved

arun laxman gaikwad (Querist)
Follow

10 July 2013 Dear Sir

Q1-We have made excess TDS payment to Govt treasury Rs.12977/-wrongly in a 4th qtr of FY 12-13. Now challan payment details are not matching with deduction details, there is diff of this Rs.12977/-. Whether eTDS return can be filed with TDS payment showing more than TDS deduction in a particular challan?

Whether we can adjust this excess payment in next Fin year 2013-14?

Q2-Due to some technical problem Form 16A not generated with digital signature of the person responsible for making payment, Now whether we can issue these Form 16A to deductees? Whether these are valid Form 16A?

Hemant Kumar

Hemant Kumar (Expert)
Follow

10 July 2013 1) You cant prepare etds return when challan amount is greater than TDS Deducted Amount. You cant adjust this excess amount in next fy.

2) You cant issue 16A certificates which not generated by traces. Manual 16A is not valid.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

10 July 2013 Agreed with hemant.

arun laxman gaikwad

arun laxman gaikwad (Querist)
Follow

11 July 2013 Dear Sir
We have generated Form 16A from TRACES and Form 16A is correct, but the only problem is digital sign is not appeared due to technical problem of our computer.

My question is whether we can issue this to party? Can this Form16A will be considered as valid from I.T.dept.point of view. Since no.of forms is too much manual signature is also not possible.

Party has got TDS credit also. Status showing matched.

Hemant Kumar

Hemant Kumar (Expert)
Follow

11 July 2013 Sent manually signatured 16A(Downloaded from traces) to deductee.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R B Pethe

Dhananjay Patil

tpksathyan narayanan

Dhananjay Singh

HITESH PATEL

Subscribe Now

Excess tds payment adjustment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA