how we can adjusted excess amount of tds paid
This query is : Resolved
08 July 2008
dear expert, pl. solve my query:-
we have deposited excess amount of TDS for the month of jun 08 by Rs. 40000, nd we have to submit the quaterly return.
my query is how this excess amount should be show/adjusted in return.
whether this excess amount of RS. 40000, should be adjusted.
we have deposited excess amount of TDS for the month of jun 08 by Rs. 40000, nd we have to submit the quaterly return.
my query is how this excess amount should be show/adjusted in return.
whether this excess amount of RS. 40000, should be adjusted.
08 July 2008
Dear Vikas,
As per the provisions of the act we need to apply for refund of TDS for the excess deposition but for the sake of convenience we adjust the same against a TDs liability likely to be paid but should be from the same section in which the said deposit relate.
For example if we have deposited the excess TDS on rent u/s 194J, the said excess amount shall get adjusted against 194J itself.
In the TDS return, match the liability with the deposit and show the details as per that data.
Rgds/
Vineet
As per the provisions of the act we need to apply for refund of TDS for the excess deposition but for the sake of convenience we adjust the same against a TDs liability likely to be paid but should be from the same section in which the said deposit relate.
For example if we have deposited the excess TDS on rent u/s 194J, the said excess amount shall get adjusted against 194J itself.
In the TDS return, match the liability with the deposit and show the details as per that data.
Rgds/
Vineet
09 July 2008
dear vineet ji,
thanx for ur reply, but whether we can carry fwd this excess deposited amount to the next quarter, by mentioning that challan no., that we have deposited earlier.for exp.:-
wrong deposited 40000
deposited correct 10000
Total 50000 vide challan no.10,dated 07/07/08
thanx for ur reply, but whether we can carry fwd this excess deposited amount to the next quarter, by mentioning that challan no., that we have deposited earlier.for exp.:-
wrong deposited 40000
deposited correct 10000
Total 50000 vide challan no.10,dated 07/07/08
09 July 2008
dear vineet ji,
thanx for ur reply, but whether we can carry fwd this excess deposited amount to the next quarter, by mentioning that challan no., that we have deposited earlier.for exp.:-
wrong deposited 40000
deposited correct 10000
Total 50000 vide challan no.10,dated 07/07/08
thanx for ur reply, but whether we can carry fwd this excess deposited amount to the next quarter, by mentioning that challan no., that we have deposited earlier.for exp.:-
wrong deposited 40000
deposited correct 10000
Total 50000 vide challan no.10,dated 07/07/08
13 July 2008
Hi Vikas,
All you have to do is to file ur tds return for the next quarter giving the details of the same challan by which u have deposited excess amount. I think there will not be any problem.
All you have to do is to file ur tds return for the next quarter giving the details of the same challan by which u have deposited excess amount. I think there will not be any problem.
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 Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Eway bill generation from place other than registeted
- EPF FULL & FINAL RULES IN 2026
- Condonation . E-Verification of last year return .
- FTS Taxable under 115A
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
