Dear Experts,
I have deducted wrongly TDS on 30 th june 12 and remitted the same to department within the due date amounting to rs. 5 lac.
now on 30 july reversed entry is passed.
now i want to know can the same amount can be adjusted again my future liability of TDS
if yes then what procedure i have to follow
and if no what should being done right now.
Reply fast
Thanks In Advance
Yes you can adjust the same against your future tdsliability. Compute the TDS payable for the month, deduct from that amount the excess TDS paid previously & pay the balance TDS if any to teh credit fo Cent govt.
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
CCI
Pro
CAclubindia
