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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 Can I adjust penalty for TDS levied against excess TDS paid which is due for refund
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 the ans is no as not allowed.....
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2014 However, Refund is to be granted after adjusting existing tax liability as per sec 200A of the Income tax Act, can penalty be included in that tax liability.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 penalty is always sep imposed as a sep order needs to be passed
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Rupesh Jain

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Rupesh Jain (Expert)
06 August 2014 refund also issue after the all liability but you cannot adj., you can apply for refund then penalty automatic adj by the deptt.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 August 2014 you cannot demand for adj of penalty and demand amount...................that ri8 is with itd only
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