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
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...
CAclubindia
