Hi,
One of my friend paid the interest on TDS by takeing number of days while caculating, ( instead of months ). Now she paid excess interest. How it can be adjust ? what is the procedure ?
Please guide me
Thanks in advance
Geetha
Geetha.K (Accountants Officer) (118 Points)
20 August 2009Hi,
One of my friend paid the interest on TDS by takeing number of days while caculating, ( instead of months ). Now she paid excess interest. How it can be adjust ? what is the procedure ?
Please guide me
Thanks in advance
Geetha
llllVICTORllll
(Internal Auditor)
(511 Points)
Replied 20 August 2009
i think you can revise your return , and carry the balance amount paid to the next quarter and mention the amount and challan number inyour next quarer return...pleaseconfirm with your TIN -FC before doing so, to be doubly confirmed
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 25 August 2009
MR. MEGHDOOT YOU ARE DESCRIBING THE WAY TO CARRY FORWARD EXCESS SERVICE TAX NOT TDS.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 25 August 2009
REFER TO THE LINK BELOW.IT IS THE CIRCULAR REGARDING REFUND OF TDS DEPOSIT IN EXCESS.
THERE IS NO CIRCULAR OR WHATEVEER FOR REFUNF OF EXCESS INTEREST DEPOSITED.
THUS IT IS NOT CLEAR IN TERMS OF PROCEDURAL POINT OF VIEW THAT IT COULD BE REFUBDED OR NOT BUT THE SAME PROCEDURE COULD BE ADOPTED AS THERE IN CIRCULAR 285 DTD. 21-10-1980, WHOSE LINK IS GIVEN BELOW.
AT LEAST GIVE IT A TRY.
REGARDS,
CA RITESH KOTHARI
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