TDS
This query is : Resolved
08 February 2011
Hello Experts.........
I deduct TDS while creating provision for the expenses to be incurred in future and remitted to Govt. Later that transaction does not take place so i ended up in paying from my hand. Now my query is whether i can adjust this amount against the TDS payable???? Kindly clarify........
I deduct TDS while creating provision for the expenses to be incurred in future and remitted to Govt. Later that transaction does not take place so i ended up in paying from my hand. Now my query is whether i can adjust this amount against the TDS payable???? Kindly clarify........
08 February 2011
If the adjustment of the tds paid is done for same category & for same quarter..... its allowed.
08 February 2011
Even if....the adjustment of the tds paid is done for same category & in the same financial year .... then also its possible.
But if you are asking for this adjustment in 2 different financial year... then the answer is NO.
But if you are asking for this adjustment in 2 different financial year... then the answer is NO.
chetan soni
(Expert)
08 February 2011
Agree with subhash.
Vivek Agarwal
(Expert)
08 February 2011
Yes we can adjust the TDS paid in same financial year and in same category....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- TDS on Fixed Assets purchased
- Depreciation Chart Companies Act
- GST on Renting godown to KFCSC for Storage of Raagi
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
