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TDS (very urgent)

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2011 Dear All

Can anybody tell me that in the month of march 2011 in case of one contractor, i have paid excess TDS can i adjust the excess amount of tds to another party in next month.

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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
17 June 2011 No. You can not. Adjustment not possible between two different Financial Years.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2011 Thanks for your answer.
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
17 June 2011 but in same FY you can adjust it in two parties.
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