Adjustment of tds on excess liability

ARBIND KUMAR CHOUBEY (ACCOUNTS OFFICER) (53 Points)

28 July 2015  

Sir

We have created Liability for f/y 2014-15 Rs 500000- and TDS deducted @ 1% Rs 5000/- next next year actual bill comes Rs 400000/- can I set off TDS on balance amount in bill related to current year. (i,e. bill for the month of April 2015).