Tdsreturns ecesstds deposited

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Uppunooti Naresh (Querist)

11 June 2018 Hi Dear Sir, I have a doubt we are the firm, for a challan we have paid excess TDS Ex.14550 actually we have to pay only 12400 there is an excess of Rs.2150. for another challan we have deposited tds late for that we have to pay interest ex 1100. after processing the tds return 26Q for Q4 FY 2017-18 we have received a demand notice for interest on late payment for Rs.1100 My question is can i setoff excess payment TDS with late payment of interest i.e., 2150-1100 Please Help me thanks in advance Regards Naresh

Read more at: https://www.caclubindia.com/experts/tds-deductor--2663619.asp

CA Ankit R Momaya

CA Ankit R Momaya (Expert)

11 June 2018 Yes, you can set off the same..

Uppunooti Naresh

Uppunooti Naresh (Querist)

11 June 2018 Thank you sir,
can you please elaborate how can i proceed in traces online

thank you

CA Ankit R Momaya

CA Ankit R Momaya (Expert)

11 June 2018 You can go for Online Correction Facility available in the TRACES Portal

Reffer https://www.taxmann.com/emailer/images/pdf/e-Tutorial-FilingCorrection.pdf

Uppunooti Naresh

Uppunooti Naresh (Querist)

11 June 2018 thank you sir for your quick answers

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