During Sep'12, we had deposited excess amount of With holding Taxes deducted from Non-resident (Section 195).
Can it be carried forwarded to next quarter ie Oct'12 to Dec'12 by adjusting the TDS liablity for Oct'12.
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Excess deposit of withholding taxes
Replies (5)
Yes we can adjust with in financial year
NO you cannot carry forward such paid amount of tds.
The only thing can be possible it is to file the return by such Non-resident to claim the refund of such excess tds paid earlier.
| Originally posted by : ANAND S | ||
 |
Yes we can adjust with in financial year |
Hi Mr. Anand, Thanks for your reply. Could you please the section/clause/para reference under IT Act so that I can furnish explanation to IT Dept. I will be grateful to receive your reply.
Thnx,
|
i think it is possible but i hav'nt find correct section for adjusting 195 TDS sorry i will get once i found
Sir,
We need to file form 27 for 195 Deduction in that while filing quarterly return we can adjust it
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