TDS Query

If TDS certificates are recieved for the higher amount  on provisional basis for which bills are to be raised from the assessee in a continuous process in a financial year and in the same way TDS certificates are recieved for the lower amount in the next financial year, then wheather benefit of TDS certificates recieved in earlier year would be available in the next financial year in which certificates are recieved for the lower amount.

Pls specify treatment for both cases when

1)  Assessment for the earlier year completed.

2) Assessment for the earlier year not completed.

Replies (3)

 

When you will get tds certificate of higher amount than u can claim of refund only in that year. And same when you will get lower amount tds certificate than you have calculate your tax liability according to it. hence you can’t take benefit of higher amount tds certificate in next year when tds will lower deduct.

TDS certificates are yearly basis and can be claimed / adjusted during the year against tax liability. it can not be carried forward  for forthcoming years, if excess then one can claim refund. 

Friend i dont know more in that topic, bcoz i am nw in IPCC, no pratical knowledge thats why i cant able to reply

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details