TDS

This query is : Resolved

Guest

Guest (Querist)

21 March 2011 TDS wrongly deducted @ 20 %.

Now can i adjust the excess amount paid in making future payment of TDS.

Please help.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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21 March 2011 if its tds return has been filed then that person can claim in his return or
if its recently deducted then you can adjust against book entry and deduct/debit the right amount on his name.
you have to pay what you have deducted so don't try to adjust to make any future payments.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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21 March 2011 how this 20% deduction comes? Is it due to non submission of PAN at the time of deduction of TDS and submission of the same at later point of time...

You had deducted and TDS return had filed, claim for refund

You can adjust if such error occured recently

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