TDS
This query is : Resolved
Guest
Guest
(Querist)
21 March 2011
TDS wrongly deducted @ 20 %.
Now can i adjust the excess amount paid in making future payment of TDS.
Please help.
Now can i adjust the excess amount paid in making future payment of TDS.
Please help.
Murtaza I Bhagat
(Expert)
21 March 2011
if its tds return has been filed then that person can claim in his return or
if its recently deducted then you can adjust against book entry and deduct/debit the right amount on his name.
you have to pay what you have deducted so don't try to adjust to make any future payments.
if its recently deducted then you can adjust against book entry and deduct/debit the right amount on his name.
you have to pay what you have deducted so don't try to adjust to make any future payments.
CA.ViVeK M ACA
(Expert)
21 March 2011
how this 20% deduction comes? Is it due to non submission of PAN at the time of deduction of TDS and submission of the same at later point of time...
You had deducted and TDS return had filed, claim for refund
You can adjust if such error occured recently
You had deducted and TDS return had filed, claim for refund
You can adjust if such error occured recently
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