TDS Payment 194C

This query is : Resolved

GIRISH KUMAR DUNDLODIA (Querist)
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17 December 2008 Referring to the previous query....Can the Tds deducted and remitted for the same party in April and May 08 be adjusted with the Tds to be remitted for the month Of March08???

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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17 December 2008 No, because the F.Y. are different.

Ravikumar.G

Ravikumar.G (Expert)
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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.

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Ravikumar.G

Ravikumar.G (Expert)
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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 by the dept at the time of scrutiny.