Excess tds deposit
This query is : Resolved
19 October 2012
Dear Sir,
Suppose tds deducted in first quarter of fy 2012-13 is RS. 8000/-, however deductor deposited Rs. 12000/- through bank challan.
Now I want to ask that, whether the deductor can adjust the excess Rs. 4000/- in 2nd Quarter in head of another deductee record or not.
And whether the department can quetion the relevance of pre-deposited tax.
Please advise me.
Suppose tds deducted in first quarter of fy 2012-13 is RS. 8000/-, however deductor deposited Rs. 12000/- through bank challan.
Now I want to ask that, whether the deductor can adjust the excess Rs. 4000/- in 2nd Quarter in head of another deductee record or not.
And whether the department can quetion the relevance of pre-deposited tax.
Please advise me.
19 October 2012
yes it can be adjusted in 2nd Qtr provided the section code and the deductee code are same.
No, Department cannot question.
This adjutment is as per Department circular only.
No, Department cannot question.
This adjutment is as per Department circular only.
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