TDS

This query is : Resolved

Badarinath (Querist)
Follow

22 September 2009 Excess Paid TDS u.s 194 C during a financial year, whether such excess payment can be adjusted aganist short payment done under section 194J. If it is not possible to adjust, what is the procedure to get back the excess payment. Please guide

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
Follow

22 September 2009 In my view Yes you can but you have to inform the ITO.

Shyam Lal Naik

Shyam Lal Naik (Expert)
Follow

22 September 2009 If the excess is comprised of a separate challan, you can apply to the AO(TDS) to carry out rectification in the section code.

Whether amount comprised in a single challan can be bifurcated into amounts under two or more codes is dobutful.

Gokul

Gokul (Expert)
Follow

22 September 2009 U can adjust the excess payment u/s 194C against short payment u/s 194J, for that purpose u should file revised return for that period.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MAHESHA RAMANNA

RATI MALU

Rampal Saini

Arvind Sharma

saurabh sawlani

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA