Tds
This query is : Resolved
SHAILY GUPTA
(Querist)
10 January 2015
my one the friend has installed a tds software which deduct the amout of tds automatically. As per the tds calculated by the software he deposits the tds in department. recently he came to knw that software has not deducted tds as per requirement. it deducted more tds some of clients n he had deposited the same in department. Ma question is that 1, whether he should correct the entries n go for Tds refund or 2, whether he should file the tds return as per the higher deduction made by the software? ?
CA R SEETHARAMAN
(Expert)
10 January 2015
He can file TDS return correctly and excess TDS paid can be adjusted in subsequent remittances.
Rupesh Jain
(Expert)
10 January 2015
he can file revised return as correct amount.
saurabh jain
(Querist)
11 January 2015
He should file revised tds return and keep excess tds balance which can be adjusted against other party in next quarter.
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