Tds
This query is : Resolved
17 February 2012
Suppose, It is the case of the company, The company had deducted the TDS for the month of April 2011 amount of Rs 10000/- and by mistake deposited Rs. 20000/-. My query is weather the company could adjust the excess amount paid as in the above case Amount of Rs.10000/- from the subsequent tax liability in the subsequent months. If not what would be the other alternatives.
CA PARAS BAFNA
(Expert)
17 February 2012
During the year the liability can be adjusted towards the following month's TDS liability.
CA. Hari Kishan
(Expert)
17 February 2012
The best option is to adjust the excess TDS in the same year should you have any other deduction under the same head while filing the e tds return..
Alternatively is to apply for refund which shall take its own time...
Alternatively is to apply for refund which shall take its own time...
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
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
