Tds query

Mr. Bhavesh Vyas - As per your request (requirement) in the TDS RPU I entered the challan date as 06/06/2011 for Rs. 20/- . Against this chosen challan I entered PAN No. Name, Date of payment as 12/12/2011 amount paid as 100 TDS as 20 etc. etc.

I could successfully validate the RPU File.

From this I undertand you can adjust.

Legally there should not be any problem as it is only an advance payment.

----any how wait for others comments.

U can adjust the remaining amount in next Quarter under contracters (94c) only.....

U can adjust the remaining amount in next Quarter under contracters (94c) only.....

If tds deduct on contractor first invoice is more than rate prescribed in law then whether TDS (Excess Amount) on next invoice of same party will be adjusted i.e. deducted the less TDS by Excess Amount? 

For Ex.

First Invoice 100000

Tds @ 2% 2000 but deducted rs. 2500,

next invoice of same party 100000

Tds @ 2% 2000 but deducted rs. 1500,

Whether it is Correct or not?

Sanjeev,

The same is Correct;  The amount deducted as TDS is more than Prescribed law, then TDS on next Invoice of same Party can be Adjusted...

Thanks Satyajeet.

NEHA,

sir, i have a query in TDS Return i.e If no TDS has been deducted in any quarter , then is this necessary to file the TDS Return of said quarter or not???

It is not required to file nil TDS return.

Neha,

The same is not necessary...

thanks to all.............

neha,

thanks to Satyajeet and vineet.........