We have deducted TDS u/s 194 J for the month of September 2015 but for which payment is been made twice in the month October 2015 and it will get mentioned in the return for II nd Quarter , what is the remedy? What we will have to mention in our tds return or can it be adjusted as advance towards next month tds liability as it is in our regular deductees list. Then in such case will we have to mention the gross amount alongwith the double tds paid amount. Kindly guide for the same.
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Tds deducted twice u/s 194 j for the month of september 2015
Replies (7)
Must consider as advance payment and prepare return....
Rule 31A, you can claim refund of excess payment, submit form no. 26B. Kindly refer rule 31A for details.
But in such case even will i have to mention the gross amount eg if 30,000 is the amount on which advance tds is deducted of Rs.3,000
As those parties are regular on monthly basis hence instead of claiming for refund it will be better to show it as advance.
Refund will become expensive and time consuming. Better option would be treating as advance and reflecting in the returns Gross as well as TDS with party details.
Hi u can adjust the amount for next month tds payment.you can use same chAllan for 3 rd quarter ads returns filling
No there is no seriously obligation we have to show in 2 quarter. Traces made simplified now we can use any challan for any quarter so don't worry. Now all people are paying single challan for every month there is no requirements we have to pay section wise also.
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