Tds

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shubham (Querist)
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17 February 2012 Suppose, It is the case of the company, The company had deducted the TDS for the month of April 2011 amount of Rs 10000/- and by mistake deposited Rs. 20000/-. My query is weather the company could adjust the excess amount paid as in the above case Amount of Rs.10000/- from the subsequent tax liability in the subsequent months. If not what would be the other alternatives.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 February 2012 During the year the liability can be adjusted towards the following month's TDS liability.

CA. Hari Kishan

CA. Hari Kishan (Expert)
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17 February 2012 The best option is to adjust the excess TDS in the same year should you have any other deduction under the same head while filing the e tds return..

Alternatively is to apply for refund which shall take its own time...

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