Tds

This query is : Resolved

PARDEEP KAPIL (Querist)
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18 August 2018 DEAR SIR :
ONE OF MY CLIENT HAS DEPOSITED EXCESS AMOUNT IN TDS U/S 94C (CONTRACTORS) .... AT THE TIME OF FILING TDS RETURNS, CAN THIS EXCESS BE ADJUSTED U/S 92 (SALARY)

CA Chandan Sharma

CA Chandan Sharma (Expert)
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18 August 2018 At the time of filing TDS return adjustment not possible. Subsequent it is possible.

PARDEEP KAPIL

PARDEEP KAPIL (Querist)
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18 August 2018 you mean to say that at the time of filing quarterly TDS return it is not possible to adjust section 94 c with 92 b

CA Chandan Sharma

CA Chandan Sharma (Expert)
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18 August 2018 Yes sir...................

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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18 August 2018 You can not adjust to deduction against salary both are different from 24q but excess amount can be utilised for subsequent deduction under 26Q