Interest on TDS
This query is : Resolved
27 April 2010
I have calculated interest on TDS. In a month I have paid excess TDS (More than deducted amount) and while interest calculation, it shows credit balance (Interest on excess payment). Whether can I adjust this credit balance of TDS interest with other months Debit of balance TDS interest.
Pls any one answer and thanks in advance.
Pls any one answer and thanks in advance.
27 April 2010
NO YOU CANT AS YOU WILL NOT GET ANY INTEREST ON EXCESS PAYMENT OF TDS.
27 April 2010
we cannot adjust like that, there is no provision for interest on tds advance payment
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