TDS
This query is : Resolved
Padmaja CA
(Querist)
20 April 2010
Sir,
One of my employee paid Excess TDS for 192B
to the Income tax department than neccessary
can it adjust to the next year tds 192B
One of my employee paid Excess TDS for 192B
to the Income tax department than neccessary
can it adjust to the next year tds 192B
20 April 2010
NO. YOU CANT.
YOUR EMPLOYEE WILL CLAIM THE EXCESS TDS AS REFUND.
YOUR EMPLOYEE WILL CLAIM THE EXCESS TDS AS REFUND.
20 April 2010
AGREED WITH SANJAY JI.
EXCESS TDS PAID CREDITED TO ANY EMPLOYEE AND HE WILL CLAIM REFUND.
EXCESS TDS PAID CREDITED TO ANY EMPLOYEE AND HE WILL CLAIM REFUND.
CA Kapil B Gupta
(Expert)
20 April 2010
It can not be adjusted in any manner. Employee should file his/her Income Tax Return and claim Refund.
As and when Excess TDS will be refunded, you will get intrest on it.
As and when Excess TDS will be refunded, you will get intrest on it.
Padmaja CA
(Querist)
21 April 2010
sorry sir all of you are dont understand my question
My organisation is Educational society and we are deducting TDS from employees Rs.100000(for 20 Employees) But paid in SBI bank with my society name Rs.118000/-
now my question is
above 18000/- can we adjust to society next tds payment to department
My organisation is Educational society and we are deducting TDS from employees Rs.100000(for 20 Employees) But paid in SBI bank with my society name Rs.118000/-
now my question is
above 18000/- can we adjust to society next tds payment to department
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