Tds

This query is : Resolved

Sumit Rawat (Querist)
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15 October 2013 Respected sir,
In 2nd qtr. (July to September 2013) I deduct TDS of Rs. 5000 on Rs. 50000 and I wrongly deposited 6000, now at the time of return filing company's ca said that TDS deduction amount should be matched with Challan amount and he put Rs. 6000 as TDS deducted on Rs. 50000 in TDS return. But I do not agree with him. Please suggest me he filed correct return or we need to revise it.

And I also want to know that if I put Rs. 5000 as TDS deducted in 2nd qtr. than can I adjust Rs. 1000 in 3rd quarter.

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
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15 October 2013 Your ca have done it correctly. And u can adjust in next quarter.

CA Ankur Mehta
(Jai Jinendra)

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@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 Hi

Yes challan amount should be matched. So in chalan sheet you have to mention Rs. 6000 only.

However in deductee sheet you can mentioned Rs. 5000 in current quarter & balance in next quarter.

Thanks//VaibhavJ

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CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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16 October 2013 The reason behind doing this is because you have deposited excess amt, and one cant claim refund or you can say tedious process.
so he passed on the credit of extra 1000.

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