Tds-query
This query is : Resolved
satish kumar
(Querist)
20 June 2014
my client not deducted tds from rent april 12 to oct 12, after, he came know he has to deduct tds from rent. he has deducted tds entire period of april 12 to oct 12 from nov 12 and the same deposited with interest in bank. Tds certificate issued/submitted to landlord dec 13
Now, the landlord not accepting tds certificate and asking payment of tds amount, as he already filed IT return pertain 2012-13.
my question is the landlord can adjust tds in 2013-14. He got credit in his account. How do we get ride out.
Now, the landlord not accepting tds certificate and asking payment of tds amount, as he already filed IT return pertain 2012-13.
my question is the landlord can adjust tds in 2013-14. He got credit in his account. How do we get ride out.
Nikhil Kaushik
(Expert)
20 June 2014
it is immaterial what landlord wants. he can revise the return to claim the credit for tds deducted. there is no way to adjust the tds once it has been rightly deducted
Message likes :
1 times
Rupesh Jain
(Expert)
21 June 2014
LANLORD CLIM THE TDS BY FILING REVISED RETURN .
Message likes :
1 times
satish kumar
(Querist)
22 June 2014
Thank u kaushik ji
Now, my client saying that he is unable to utilise tds certificate which was issued by my client. is it possible/ any provision, tds certificate of one financial year can be utilized in subsequent financial year
Now, my client saying that he is unable to utilise tds certificate which was issued by my client. is it possible/ any provision, tds certificate of one financial year can be utilized in subsequent financial year
Nikhil Kaushik
(Expert)
22 June 2014
Dear Satish Ji.
TDS cannot be carried for if the income has already been offered to tax. the landlord has to revise the tax return and include the tax credit in the same.
TDS cannot be carried for if the income has already been offered to tax. the landlord has to revise the tax return and include the tax credit in the same.
Message likes :
1 times
satish kumar
(Querist)
22 June 2014
Dear Nikhil ji
Thank u very much
Thank u very much
Nikhil Kaushik
(Expert)
23 June 2014
you are welcome Satish ji..best of luck and take care
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
