In case any deductee submit his PAN during the year then TDS deducted in previous quarter could be adjusted in last quarter? For exp: In sep Interest paid rs 15357 and TDS deducted on it 3071 @ 20% as PAN not available but before march PAN submitted by deductee so at the time of payment of interest for March TDS was adjusted by the deductor @ 10% what should be the treatment in TDS return of march? Please suggest. Thanks in advance.
Read more at: /experts/modify_message.asp?entry_id=627874
Menu
Tds excess deducted
Replies (2)
Adjust the amount and if excess amount is lying the its should be shown a REFUND for the same...
Kindly do not complicate the things. The Transaction of Sep Month is a Settled Transaction and it cannot be changed.
In case of higher Deduction of Tax at Source, just claim the Refund from the IT Dept. by filing your IT Returns.
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
