ADJUSTMENT OF EXCESS TDS PAID
This query is : Resolved
08 February 2010
hello Experts!!!!!!!
1 of our client has deposited excess tds amt of Rs 12000 . whereas the tds liability for that month was Rs 10000.
both liability & payment was u/s 194c.
plz let me know what are the remedies available & help me in getting out of this situation...............
1 of our client has deposited excess tds amt of Rs 12000 . whereas the tds liability for that month was Rs 10000.
both liability & payment was u/s 194c.
plz let me know what are the remedies available & help me in getting out of this situation...............
08 February 2010
as per theoritical method make application to A.O. But I didn't see yet any case in which Income tax refund TDS.
In practical see next month TDS bill if possible adjust it with that month in which TDS is more. by this you can adjust other's TDS with some else. Because you didn't provide detail with deposit so in return you can easily adjust.
for example if you deduct tds of A Rs. 10000 but paid 12000 in Nov 09. Check bill in Dec if there is bill of B in Dec in which TDS 194C to be deducted then adjust it with Nov excess. When you will file return in 15 Jan then adjust both.
In practical see next month TDS bill if possible adjust it with that month in which TDS is more. by this you can adjust other's TDS with some else. Because you didn't provide detail with deposit so in return you can easily adjust.
for example if you deduct tds of A Rs. 10000 but paid 12000 in Nov 09. Check bill in Dec if there is bill of B in Dec in which TDS 194C to be deducted then adjust it with Nov excess. When you will file return in 15 Jan then adjust both.
Message likes :
3 times
08 February 2010
thanx sir
bt if tds deposited in nov & adjusting it in december"s claim then will it not amount to tds deposited in adavnce???
can we do so?????
bt if tds deposited in nov & adjusting it in december"s claim then will it not amount to tds deposited in adavnce???
can we do so?????
Message likes :
1 times
08 February 2010
It is advance only but it will not be a problem you can adjust
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
