Sir,
Expert :- Can any one tell me ,
I have paid TDS amount of one sub contractor twice in the 3rd qtr of 2011-12.
Now can i adjust that excess amount against his future bill BUT TDS certificate is not issued or what is the other remedy?
Secondly what is the procedure to correct , if
I have paid the tds of sec 94 C under 94I.
Kindly guide
Thanks
Sushant
You can take credit of excess payment in future billings.
Secondly, there is no remedy to such a mistake. It cannot be rectified as bank has deposited the same under that head only.
Prateek
You can take credit of excess payment in future billings within one year
and you can do such change in section of TDS but with the help of rectification made by either bank manager or ITO, then the same challan can be utilised for desired section of TDS
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