We found that by mistake Accountant deducted excess TDS & paid 2 times in last quarter( Q4) ( F.y. 2009.10) under section 194C ( payment to contractors)
Can we issue the TDS certificate to party with excess deduction?
21 April 2010
1. You can issue certificate with the excess amount.
2. You may even apply for a refund.
3. You can adjust one of the challan with other TDS liablity in any quarter. In case of tax payable under any other section, you may get the code "94C" changed to any other code.
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