banner_ad

TDS set-off

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 May 2008 For Ast Year 2008-09 Mr. X an employer, deducted tax at source on Int. is Rs. 10,000. The same is remitted within due date also. But after the payment, Mr. X comes to know that he is deducted & remitted excess Rs. 5,000 to Govt. Now the question is,

Can he adjust the same i.e. excess amount Rs. 5,000, against any other TDS payable for the same Ast.Year?

Re.

Arun Dongre
Profile Image

Amit Sharma

Profile Image

Amit Sharma (Expert)
06 May 2008 Dear Sir,

I dont think you can get a set off option although a refund option is always open to you.
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
07 May 2008 Can be setoff with TS liability under the same section. Only if you can not set off,(ie. there is no TDS liability) you can apply for refund. If the deductee agrees, you can issue certificate for the amount wrongly deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details