Adjustemnt of excess TDS paid
This query is : Resolved
21 April 2009
Can we adjust TDS not deducted but excess paid towards company`s own income tax liability.? If your answer is yes kindly give the reference of relevant provisions/circulars etc
21 April 2009
Of course you can. It is just like advance tax payment.
21 April 2009
NO, you can not. only way is take credit from related party to whom you pay excess . in reverse , you issue TDS certificate for availing benefit.
21 April 2009
Tax to be deducted and not deducted CANNOT be adjusted against company's excess tax payment.
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