Tds matter
This query is : Resolved
Mahalingeswar Senapati
(Querist)
12 March 2013
In Pvt. Ltd. Co. Due to wronge accounting entry we have paid excess TDS on Professional category i.e. 10%. I would like to know that, whether the excess TDS is adjustable in other category like Salary,contractor, Interest and rent etc. or it is refundable ?
If refundable then what is prcedure for claimng?
Thank U
If refundable then what is prcedure for claimng?
Thank U
CA Parul Saxena
(Expert)
12 March 2013
No excess TDS is not adjustable the only thing that can be done is the person whose TDS has been deducted can take the credit at the year end...
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