TDS Payment

This query is : Resolved

GIRISH KUMAR DUNDLODIA (Querist)
Follow

17 December 2008 A company was supposed to remit the TDS deducted on Rent(March Month) for the A.Y.2008-09.But the same was not Paid upto the date of IT return and was not disallowed in the tax audit report by the auditor by mistake.Can the same be adjusted with the Tds on rent remitted for the month of May 08 and the Difference amount payable can be paid now????

Ravikumar.G

Ravikumar.G (Expert)
Follow

17 December 2008 No. You cannot adjust the same. The revised return should be made.

GIRISH KUMAR DUNDLODIA

GIRISH KUMAR DUNDLODIA (Querist)
Follow

17 December 2008 Can the Tds deducted and remitted for the same party in April and May 08 be adjusted with the same???

Ravikumar.G

Ravikumar.G (Expert)
Follow

17 December 2008 If it is the same FY you can adjust in subsequent month. Different FY/AY you cannot adjust the earlier FY/AY payments.

Ravikumar.G

Ravikumar.G (Expert)
Follow

17 December 2008 Better you disallow the same and file the revise return and you can save the interest (234 B & C) if the same will be found out at the time of scrutiny.

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