As now new TDs rate came at 7.5% for professional fees ...
If a person pays @ 10% without knowing then can we adjust that remaining balance to next quarter???
if yes pls suggest how and how to file returns...
as challan amount will not match with TDs amount deducted...??
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Tds amount paid in excess
Replies (4)
Since you have deducted at higher rate, so you file the TDS return with higher rate only. Not an issue.
Regards
CA. Raj Doshi
Regards
CA. Raj Doshi
Yes you adjust remaining balance in next month
Thank you sir...
Sir,
Would like to add TDS can be adjust in same quarter.
And I suggest instead of adjust it's OK for higher deduction of TDS and can be claimed in IT.
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