TDS
This query is : Resolved
nikhil bapat
(Querist)
05 April 2010
hi friends
I want to know the action to be taken by the assessee company in the following matter :
The company duly deducted the tax from the salary payable to its employees. However, by oversight, the payment of TDS was made more than the deduction. There was no late payment.
What remedy is available to the company in respect of excess payment of TDS?
I want to know the action to be taken by the assessee company in the following matter :
The company duly deducted the tax from the salary payable to its employees. However, by oversight, the payment of TDS was made more than the deduction. There was no late payment.
What remedy is available to the company in respect of excess payment of TDS?
CA. O.P. Agarwalla
(Expert)
19 April 2010
Apparently there is no way to solve this issue. However you may find a way from the clue that- excess deduction of TDS is not a crime.
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