On Payment we deducted TDS, paid and filed in return also of Mar-2020
but later when invoice received vendor has shown material and services value seperately and accordingly our TDS deduction is excess
Can we adjust the excess TDS deposit against invoices of current year
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TDS Excess Deposited Adjustment
Replies (1)
You should revise the TDS return.
eg Material rs.100000,Service 50000 = total sales invoice 150000
original Tds return would have figures reported as under
Gross amount 150000 ,Tds 1500
revised TDS return to be done and figures reporting as under
Gross amount 50000 , tds 1500
eg Material rs.100000,Service 50000 = total sales invoice 150000
original Tds return would have figures reported as under
Gross amount 150000 ,Tds 1500
revised TDS return to be done and figures reporting as under
Gross amount 50000 , tds 1500
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