Tds excess payment

Sir,

Excess tds deducted pertaining to the f.y.2011-12, and paid in 2012-13 and filed the Tds return, now  the tds payable a/c is showing debit  balance(for the excess amt)  in this f.y. i.e. 12-13 , what to do with this credit balance, whether it is adjustable to any penalties,interest on tds if any occurs in future?

please clarify this doubt at the earliest.

thanking you,

mahender

 

 

Replies (3)

how can u have debit balance in tds payable a/c.

I mean even if you have deduced excess amount then you must have debited the party a/c and credited the tds payable a/c.

 

ok  last  year  tds payable, paid in current year,  for example 100/-  tds payable  but we paid 110/-  the rs.10/- will excess in  this f.y.

 

clarify what to do with this rs.10/- excess pertaining to last yr.

thanking you,

where u shown this excess tds paid in your tds return ?

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details