Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 May 2012 Please clarify this Eg...
A pvt ltd co deducts TDS @2% on 12.55 lacs on receipt of bill basis (bill no 123) the amt was Rs 25100 where the deductee is a Co having contact business, A Pvt ltd pays to govt within due date, however after 4 months A pvt ltd issues debit note to deductee on bill no 123 amted to rs 55000,
now wats the consequenses,,, whether deductor can adjust the tds in next bill of same party? & wat if deductee is for single transaction?

Ravi Jhamb

Ravi Jhamb (Expert)
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08 May 2012 Tds is deduct on services. In your case you are sharing the case of goods:- taking the goods and afterwards due to some problem you refused the goods. That is not possible in TDS case. In other hand Single bill you can’t adjust but multiple bills you can.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2012 thank you........

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