Excess TDS Paid to Govt. by Company

This query is : Resolved 

28 May 2009 Is it correct if company adjust the excess TDS (92B)(of FY 08-09)amt paid to Govt in Fy 2009-10 against the TDS(92B) amt payable in FY 09-10.
e.g.
Excess TDS Paid Rs 8000 in FY 08-09
TDS Payable In FY 09-10 RS 18000
Paid before due date Only RS 10000.

28 May 2009 I think you can not adjust between the two different financial years

29 May 2009 Hello, Gud Morning
The assessee can not adjust excess TDS paid in one F.Y. against TDS liability of other F.Y, The only way is to claim refund for excess TDS paid in that particular F.Y. and in the following F.Y. the assessee is under obligation to pay full amt. of TDS liability.


31 May 2009 No such adjustments can be made



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries