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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

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.

Message likes : 1 times

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok