I HAVE ONE SITUATION IN WHICH I HAVE MADE PAYMENT FOR THE SAME BILL 2 TIMES IN SAME DATE SO NOW I WANT TO ADJUST THIS AGAINST THE NEXT BILL WHICH AMOUNT IS ALSO SAME SO MY QUATION IS THAT CAN I ADJUST IT AGAINST THE POST DATED BILL IN THE SAME QUARTER?
E.G. DATE OF PAYMENT OF TDS 05/05/2012 & DATE OF CREDIT 30/06/2012.......PLEASE REPLY
As the excess payment and its adjustment fails in the same quarter, there is no problem in adjusting the TDS so paid in excess against the next invoice. It is same as a lumpsum amount is paid as TDS and then to keep it adjusting against future invoices received. However, the payment and its adjustment must relate to same Assessment Year.
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