TDS
This query is : Resolved
Anuj Bhatnagar
(Querist)
22 February 2010
Question Details: If i wrongly deposited excess tds for the m/o sep.09 u/s 194I. Can i adjust excess deposit of TDS and which sec. and time period of adjustment. And what is the Procedure for same.
CMA.Palani Arumugam
(Expert)
22 February 2010
Yes. You can adjust the excess tds paid u/s.194I in the subsequent quarter (It should be in the same financial year) under the same section.
Procedure : You should pay less amount of TDS to the extent you have paid excess. At the time of filing of quarterly return, you can show the payment of previous quarter(which you have paid excess).
Hope this is clear.
regards,
A.Palani
Procedure : You should pay less amount of TDS to the extent you have paid excess. At the time of filing of quarterly return, you can show the payment of previous quarter(which you have paid excess).
Hope this is clear.
regards,
A.Palani
CMA Ramesh Krishnan
(Expert)
22 February 2010
Yes.it can be adjusted in subseqeunt quarter
CA Ravi Sisodia
(Expert)
22 February 2010
yes, it can be carried forward and set off in subsequent quarter.
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