Tds laibility
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2011
If a Company has wrongly paid excess amount of TDS to Govt while paying TDS liability in FY 1011, then can this excess TDS paid by Company can be adjusted against next year TDS Liability or can company Claim Refund of that or Company will not do any thong about that excess payment.
08 September 2011
EXCESS TDS PAID NEVER BE ADJUSTED AGAINST NEXT YEAR LIABILITY.
08 September 2011
If company has been paid the excess amount of Tds then it will adjust the next year tax liability if company will continue the business. Other wise they can apply for refund. Refund process is consumed more time otherthan adjustment.
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