TDS adjustement
This query is : Resolved
23 February 2011
I have deducted tds of contractor for advertisement advance given to him in jan 2011 & paid the tds on due date but after due date the said advertisement was canceled & vendor has refund the amt. which was given to them.(i.e. after dedication of tds) My qurry is
a) can i adjust the tds paid in feb.11 against the dues of feb.11 which is payable in mar 11 irrespective of checking the deductee as company or non company.
b) what will be the process if i have paid the advance in dec.2010 & subsequtnly the contract get cancelled. i.e. after filling the q3 retrun of tds what is the process i need to follow.
a) can i adjust the tds paid in feb.11 against the dues of feb.11 which is payable in mar 11 irrespective of checking the deductee as company or non company.
b) what will be the process if i have paid the advance in dec.2010 & subsequtnly the contract get cancelled. i.e. after filling the q3 retrun of tds what is the process i need to follow.
24 February 2011
(a)You can adjust TDS with same nature of payment and taking care of same status of deductee.
(b)As you have already filed return for dec. 2010 q3 so credt of TDS has alresdy given to the contactor so now in this situation you can give him TDS certificate and claim refund of payment from him.
(b)As you have already filed return for dec. 2010 q3 so credt of TDS has alresdy given to the contactor so now in this situation you can give him TDS certificate and claim refund of payment from him.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
