Excess tds payment adjustment

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arun laxman gaikwad (Querist)

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)

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)

10 July 2013 Agreed with hemant.

arun laxman gaikwad

arun laxman gaikwad (Querist)

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)

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

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