Wct can be adjusted ???????????
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2011
If any client wrongly deducted WCT in the month Oct'11.
can be adjusted next month against the deduction?
can be adjusted next month against the deduction?
MJ Krishnamurthy
(Expert)
03 November 2011
Mr Author,
The rule always is that the tds made should be equal to the tax payable by the contractor.If more amount is deducted in one month,it can be adjusted by making suitably less in the next month.Similarly any less deduction of a month or a bill can be made good by increasing it in the next payment.
MJK
The rule always is that the tds made should be equal to the tax payable by the contractor.If more amount is deducted in one month,it can be adjusted by making suitably less in the next month.Similarly any less deduction of a month or a bill can be made good by increasing it in the next payment.
MJK
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