tds wrong deducted

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What should be the treatment in case the tds has been deducted and deposited on advance but the transaction has been cancelled

Replies (4)

Dear Amit,

You you have not file th quaterly return then show the same amount as other deposit . & adjust it in next quarter .

 

Don’t worry when you TDS deposit earlier in party’S PAN you can carry forward this tds deposit amount when will any transaction will happen in this tds section that time you can give this tds to other party account or you can revise your return if you have already filed it.

u can setoff in the next return filing............aginst TDS liability.........bt proof is must...

u can setoff in the next return filing............aginst TDS liability.........bt proof is must...

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