Dear All
one my colleague deposit excess tds u/s 194A in the fy 2014-15 can i adjust it from other section i mean can i adjust it from sec 194J
plz suggest me
vinay kumar (Accountant) (54 Points)
07 October 2014Dear All
one my colleague deposit excess tds u/s 194A in the fy 2014-15 can i adjust it from other section i mean can i adjust it from sec 194J
plz suggest me
kanh singh
(CA Article)
(121 Points)
Replied 07 October 2014
Mukesh Katara
(Account manager)
(533 Points)
Replied 07 October 2014
kuthalingam
(Partner)
(30 Points)
Replied 07 October 2014
vinay kumar
(Accountant)
(54 Points)
Replied 08 October 2014
can you plz mention the notification as few of my friend told me that it cant adjust from another section i can claim for refund
C.A. Swapnil Jangam
(Proprietor)
(55 Points)
Replied 08 October 2014
While cross verification of TDS challan & return, only following points are verified.
1) Financial year ( However one challan can be used for two consecutive FY.)
2) BSR Code.
3) Challan Identification number
4) Amount
5) Minor code ( 200 /400)
It means the section under which payment made is not verified by the dept.
Therefore you can adjust the TDS payment for other section too. There will be no any query.
This is practical experience & am sure about it.
Jamil M S
(Employee)
(33 Points)
Replied 11 October 2014
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