21 February 2013
There was a case wherein an entity has deducted TDS in excess and paid so to the govt.for the first quarter while not filing the TDS returns for the first and the second quarter so finally can the entity adjust the excess credit in the third quarter and if so?? then what would be the procedure??
21 February 2013
the answer is yes. you can adjust excess TDS credit in the subsequent quarters - atleast within the same financial year - this i have done myself.
whether the same can be done inter-years I am not sure.
CAclubindia
