Tds - payment excess paid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2014 I have deducted 10% TDS & paid to the government on the basis of Proforma invoice & file my TDS return. but the vendor has issued the bill of less amount.
What to be the next step...!

Example :
I have dedcted Rs5000.tds where as as per tax invoice it comes Rs.3000.I have paid 3000 to government & it was first & last transaction with the same vendor.

Please suggest

CA Kapil Verma

CA Kapil Verma (Expert)
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22 April 2014 Just issue the TDS certificate for the amount you deducted.

The vendor can claim the total amount you have deducted.

CA Kapil Verma

CA Kapil Verma (Expert)
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22 April 2014 Just issue the TDS certificate for the amount you deducted.

The vendor can claim the total amount you have deducted.

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2014 Thanks Sir !

But what is about Rs.2000/- which I paid excess ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 April 2014 well deducting a higher amount without any reason (like absence of PAN) will cause problem in filing TDS return. The appropriate method shall be to show only the required amount in the tds return and claim the refund for the excess amount through Form 26B.

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