tds inter section adjustment

  Can we make inter section adjustment in tds return i.e we have excess tds payment u/s 194j and short payment u/s 194c can we adjust excess of 194j against short fall of 194c ???
Replies (2)
PRACTICLE ISSUES: while u make payments through the challan, u will mention the sec no. and u are required to prepare the qtry return by challan wise . so I think it is not practicable to adjust against the excess in one section against the shortfall in another section. LEGAL ISSUES: Their is no section in the income tax act or in the rules is their to restrict u from adusting the excess or short fall in tds in one and other secitons. as long as u collect the correct tds and pay the correct to the govt, act doesn't impose any penalty or interest etc., if have the strong reasons which casused to pay the excess the tax than collected , u can adjust the same against other section. But it totally a personal skill how u establish before the assessing officer if any scrutiny comes. this is my personal opinion.
and u should ensure that both the excess or short falls in one quarter. still u can adjust ,but its practically very difficult to have the track among the two quarter data

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

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

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details