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tds

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(Querist)
02 July 2010 we have deposited excess tds of say party A for the month of may, now whether we can adjust this excess pymt for the month of june agnst say party A,B,C,D

is there any effect of above situation in tds return
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 July 2010 yes. you can adjust the same. and return also you can adjust the challan
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
02 July 2010 yes you can adjust as tds is not particulerly related to a party. refer the tds which does not add party name in its heading
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