Tds
This query is : Resolved
17 February 2012
Suppose, It is the case of the company, The company had deducted the TDS for the month of April 2011 amount of Rs 10000/- and by mistake deposited Rs. 20000/-. My query is weather the company could adjust the excess amount paid as in the above case Amount of Rs.10000/- from the subsequent tax liability in the subsequent months. If not what would be the other alternatives.
17 February 2012
During the year the liability can be adjusted towards the following month's TDS liability.
17 February 2012
The best option is to adjust the excess TDS in the same year should you have any other deduction under the same head while filing the e tds return..
Alternatively is to apply for refund which shall take its own time...
Alternatively is to apply for refund which shall take its own time...
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
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
