Tds wronlgy deposited can be adjusted in next year.
This query is : Resolved
10 July 2012
MY QUERY IS IN F.Y. 2010-2011 WE WRONGLY DEPOSITED TDS OF RS. 5,00,000 U/S 194I WHILE THERE WAS A LIABILITY OF RS. 50000 ONLY.
I AGAIN DEPOSITED RS. 50,000/- AND PREPARED AN APPLICATION FOR REFUND OF RS. 5,00,000/-
I SEVERAL TIMES VISITED THE INCOME TAX DEPTT FOR GETTING THIS REFUND BUT NOT YET GOT THE SAME.
NOW ASSESSING AUTHORITY SUGGESTED ME TO ADJUST THIS AMOUNT WITH THE CURRENT F.Y. 2012-12 ONWARDS
IS IT POSSIBLE CAN RS. 5,00,000/- BE ADUSTED. PLEASE CONFIRM
REGARDS
SUBHASH SHARMA
I AGAIN DEPOSITED RS. 50,000/- AND PREPARED AN APPLICATION FOR REFUND OF RS. 5,00,000/-
I SEVERAL TIMES VISITED THE INCOME TAX DEPTT FOR GETTING THIS REFUND BUT NOT YET GOT THE SAME.
NOW ASSESSING AUTHORITY SUGGESTED ME TO ADJUST THIS AMOUNT WITH THE CURRENT F.Y. 2012-12 ONWARDS
IS IT POSSIBLE CAN RS. 5,00,000/- BE ADUSTED. PLEASE CONFIRM
REGARDS
SUBHASH SHARMA
11 July 2012
Mr Sharma!
Answer lies within your question.
When the Assessing Authority has advised you to get it adjusted in next year. Then on the base of his/her written advise make adjustment.
Moreover, to get it refunded you need to contact your TDS Circle and not usual Assessing Authority.
Answer lies within your question.
When the Assessing Authority has advised you to get it adjusted in next year. Then on the base of his/her written advise make adjustment.
Moreover, to get it refunded you need to contact your TDS Circle and not usual Assessing Authority.
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