Tax Deduction at Source (TDS)
This query is : Resolved
25 October 2007
Inadvertently, excess TDS is affected from a Contractor and also remitted to the Department in a particular quarter.
This mistake is detected in the next quarter (in the same financial year). How to go about adjusting the excess payment.
Is it not possible to deduct the excess amount while remitting TDS due for next quarter (in the same financial year).
Kindly advise
This mistake is detected in the next quarter (in the same financial year). How to go about adjusting the excess payment.
Is it not possible to deduct the excess amount while remitting TDS due for next quarter (in the same financial year).
Kindly advise
25 October 2007
You may adjust the same but should revise the qly return
26 October 2007
Adjustment is possible but keep a Track of the same for the final return or there will be confusion and the department would ask the interest and penalty for short payment (that is adjusted towards Excess Payment )
08 November 2007
The same situation i also came across. What Mr. Gul said is correct.
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- CHECK RELATED
- GST ISSUE OF INPUT AND OUTPUT GST
- UDIN ISSUE
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
