22 September 2008
dear members, plz solve my problems as i had asked it already but i have little bit confusion regarding this.. i had deposited 1.5lac on 14 aug, 08 under prof head while we had not deducted.but during the period 08.08.08 to 07.09.08 we had deducted 65000/- tds under prof head.now can we adjust by not deposting 65000/- on 07.09.08(though this date is already passed)?and if we not deducted any tds under prof head during 2nd qt ie from 08.09.08 to 07.10.08, then can we adjust the balance ie 85000/- in 3rd qt ie from 08.10.08 to 07.01.09 against any tds deducted under prof head?? plz solve my problem...thanks
15 November 2008
Yes you can adjust the same since they are under the same heads. Also you need to file a letter with your TDS ITO informing him that excess payment made by you is adjusted in the the payment for the same head in the second and third quarter.
CAclubindia
