TDS under 195
This query is : Resolved
Quick Summary
Manivannan
(Querist)
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?
CA R SEETHARAMAN
(Expert)
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.
Manivannan
(Querist)
07 February 2024
Sir. How it is possible to file 15ca in future for lesser amount?
CA R SEETHARAMAN
(Expert)
07 February 2024
You are going to remit only lesser amount after adjusting earlier remittance.
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