TDS Returns
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2010
Dear experts,
ABC Co has deducted TDS on salary of Rs.150000, but deposited 175000, Co accountant has filed TDS return as per deducted amount ie for Rs.150000, My query is how to adjust the balance amount of Rs.25000/-
This concerned to the FY 2009-2010.
Form 16 is also issued to Employees, can we adjust that amount for the FY 10-11.
Pls Clarify
Thanks in advance
ABC Co has deducted TDS on salary of Rs.150000, but deposited 175000, Co accountant has filed TDS return as per deducted amount ie for Rs.150000, My query is how to adjust the balance amount of Rs.25000/-
This concerned to the FY 2009-2010.
Form 16 is also issued to Employees, can we adjust that amount for the FY 10-11.
Pls Clarify
Thanks in advance
20 November 2010
No You can not adjust the said amount against the Dues of FY 10-11. It would have been better if you had not revised your return and shown the actual amount deposited in your return. In that case your employee would have got the credit of full TDS amount.
Now please meet your TDS AO and ask him for suggesting proper remedy.
Now please meet your TDS AO and ask him for suggesting proper remedy.
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