TDS under 195
This query is : Resolved
Quick Summary
04 February 2024
Dear experts,
Our company made payment to non-resident, deducted TDS and remitted to government. Form 15CA has been filed. Subsequently, contract got cancelled. We informed to non-resident to adjust this payment with future invoice.
1. In this case, is it possible to adjust TDS deducted and remitted u/s 195 with future TDS deductions?
2. What will happen to the Form 15CA filed?
Our company made payment to non-resident, deducted TDS and remitted to government. Form 15CA has been filed. Subsequently, contract got cancelled. We informed to non-resident to adjust this payment with future invoice.
1. In this case, is it possible to adjust TDS deducted and remitted u/s 195 with future TDS deductions?
2. What will happen to the Form 15CA filed?
05 February 2024
1 yes.
2 File 15CA in future for less amount of earlier remittance.
2 File 15CA in future for less amount of earlier remittance.
07 February 2024
Sir. How it is possible to file 15ca in future for lesser amount?
07 February 2024
You are going to remit only lesser amount after adjusting earlier remittance.
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