Cancellation of TDS

Knowledge resource 604 views 2 replies

mahesh namjoshi

Sr.Officer

24 Points Joined October 2009

Due to similarity of name wrong code was selected (instead of Dr.Birendra Saraf, Dr.B.P.Saraf was selected) and cheque was prepared & sent to Dr.Birendra Saraf. Then he returned the cheque as wrong name. As the bill was processed in September 09, TDS was deducted & deposited to the Govt. Now the Cheque after receipt has been cancelled, but to get rid of TDS which has already been deposited in the name of wrong person. Due to this entries done cannot be reversed and new cheque in the correct name cannot be prepared. Is there any solution to get back that TDS or change the name of vendor in the TDS deducted & deposited to the Govt. ? Mahsh Namjoshi

mahesh.namjoshi @ gmail.com

Replies (2)

v.r. mukunthan

Sr. Manager - Finance & Accounts

60 Points Joined June 2009

hi,

if u have filed your return already then u file a revised return mentioning the correct name and pan or if you have not yet filed your original return then no worry and u can file with correct name.

regards,

v.r. mukunthan

Guest

Yes Mr. v.r. mukunthan is right. If you have not submit the quarterly TDS return then not to worry. Make a new cheque in right name with amount after deducting TDS.