Easy Office
Easy Office

Tds

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 August 2014 Can I adjust penalty for TDS levied against excess TDS paid which is due for refund
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 the ans is no as not allowed.....
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 August 2014 However, Refund is to be granted after adjusting existing tax liability as per sec 200A of the Income tax Act, can penalty be included in that tax liability.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 penalty is always sep imposed as a sep order needs to be passed
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
06 August 2014 refund also issue after the all liability but you cannot adj., you can apply for refund then penalty automatic adj by the deptt.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
06 August 2014 you cannot demand for adj of penalty and demand amount...................that ri8 is with itd only

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links