Extra TDS deducted on rent

TDS 686 views 2 replies

Hi All

For April and May rent I have deducted TDS with 15%. Which should be 10%. Is it possible to deduct less TDS in June. what will be the chnages required at the time of quarterly return ?

Waiting for help

Varsha

Replies (2)

In case you have deducted Excess TDS from someone and deposited to the government, you need to do two things:



Do Not Issue Certificate of Deduction to the Person for higher tax .



Claim refund of excess tax dedcuted.

I have not filed return for the quarter. I have disscussed the issue with friends and now decided that I will not deduct TDS in this month and use the already paid extra ( 5% in April + 5% in May) TDS for June.

 

Thanks and regards

Varsha


CCI Pro

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