Tds

This query is : Resolved

Ameet Kumar Thakkur (Querist)
Follow

23 September 2011 Hello

Sir

One of our Customer has deducted TDS in our Work contract bill.And the bill was of 09-10 & 10-11. We have received TDS certificate, but we have not taken the credit in the VAT return till date.Please guide weather we can take the credit at the present VAT return i.e in the month of Sep-11. if not what is the procedure to avial the TDS benefit.

Regards

Amit Ku. Thakur

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

23 September 2011 Mr AK Thakur,
Regarding the TDS of 2009-10,it is almost lapsed,except when the department call your books for audit you can produce tds certificates,get them accounted and ask for the refund of excess tax paid.For the year 2010-11, there are still chances of accounting the tds certificates by amending the returns of Feb'11 and Mar'11 and the get the excess carried forward till the return for Aug'11,and then continue.You can also take them into acount in the annual submission of audited accounts,show the excess paid and adjust them in subsequent returns.
MJK

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jayesh Pipalwa

George Innocent

Mukund Thakur

arya yashu

Rajat Khandelwal

Subscribe Now

Tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

Manager- Finance and Compliance

GST CONSULTANT

CA Final

GST CONSULTANCY