Tds set off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
IS TDS SET OFF IS AVAILABLE OR NOT..?
EX.SUPPOSE I HAVE TDS PAYABLE IN JAN RS.2000 AND I HAVE TDS RECEIVABLE OF RS.1000..SO CAN I PAY ONLY RS.1000 OR NOT..??
EX.SUPPOSE I HAVE TDS PAYABLE IN JAN RS.2000 AND I HAVE TDS RECEIVABLE OF RS.1000..SO CAN I PAY ONLY RS.1000 OR NOT..??
CMA Ramesh Krishnan
(Expert)
09 January 2014
No. TDS payable which you are paying for other persons tax. TDS receivable is the tax of yours. so cannot set off both , need to pay Rs.2000 total tds payable. Rs.1000 receivable you can claim in your income tax return
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