Dear All,
This is my question:
I have made the excess payment towards TDS u/s 194I for the F. Y. 2006 -07.
Can this excess amount be carried forward for the Current F.Y 2007-08?
Please help me out inthis issue.
Thank You.
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TDS Carryforward
Replies (4)
There is no way to get refund of TDS. However, by filing the IT Return for the concerned AY, you can get back the excess payment.
Instead of claiming for refund, can excess amount under TDS in the F.Year 2006-07 be adjusted against future TDS payments during the current F.Year 2007-08 (under same section and also on account of same vendor) ?
How can I proceed now?
It's simple. Show the rent payment as an advance credit to the account, hence deducted earlier. so in this quarter, there will be excess rent and tds. In the next quarter, dont show the rent for the amount of TDS u have excess paid.
| Originally posted by :Lakshman | ||
| " | Dear All, This is my question: I have made the excess payment towards TDS u/s 194I for the F. Y. 2006 -07. Can this excess amount be carried forward for the Current F.Y 2007-08? Please help me out inthis issue. Thank You. |
" |
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