TDS
This query is : Resolved
Padmaja CA
(Querist)
01 June 2009
Sir
in the year 2008-09 i had paid excess TDS amount (Rs.100000/-), can this amount adjust to this year tds payments???
in the year 2008-09 i had paid excess TDS amount (Rs.100000/-), can this amount adjust to this year tds payments???
01 June 2009
No.
CA.Tarun Maheshwari
(Expert)
01 June 2009
No. You need either to take refund or debit this amount to the parties to whom you have given excess credit by depositing excess tds. Because, ultimately they shall get the refund of this tax credit to their account. so you can charge this amount from the parties. Getting refund is difficult procedure in comparison to this option.
Ratan Sharma
(Expert)
01 June 2009
agreed
01 June 2009
agree with experts
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