Tds deductions and adjustments

Punit (Student) (97 Points)

08 January 2019  

Hi, 

Have a couple of queries pertaining to TDS

 

a) Is it possible to adjust deduction under one section with payment under other section. 

e.g An invoice was deducted for the vendor under section 194J, however while making payment the payment was made for challan under 194I. Further the credit in the TDS return was given under section 194I. 

Is this correct?

 

b) Balance for TDS liability as per my GL for April was Rs. X+1 

   I paid Rs. X+1.  in April

However, subsequently on review i identified, i had booked excess liablity in April  and passed a rectification entry in June. 

Based on the rectification, my revised liability for April-18 was Rs. X

I updated the return with liablity of Rs. X for April and used the additional +1 for subsequent months. 

Is this correct, since my GL liability does not now reconcile with my return or payments?

 

Thanks.