Hi,
In FY 2013-14 in 4th Qtr (U/s 194J) we have wrongly deducted TDS Rs. 1,20,000/- on invoice amount of Rs. 12,00,000/- & deposited in bank later we realised that invoice was for only Rs. 4,00,000/-. hence TDS should have been Rs. 40,000/- .
Kindly advice how we can get the credit of extra amount of Rs. 80,000.
Thanks,
Santosh Singh
Pass on Rs 80000 to Deductee who is actual owner of that excess deduction. then claim refund by revising the TDS Return.
Hi Sanjeet,
Thanks for your reply but It was wrongly deducted so that we can not give credit to that party and we already filled revised return for the same, So I need proper solution in this regard.
This is pertaining to last Qtr of FY-2013-14 hence my question is that still we can take credit in future Qtrs if not please suggest how we can claim (procedure) from TDS CPS.
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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