Tds paid for non pan deductee in 1st qtr
This query is : Resolved
14 October 2014
We had deducted and paid tds on advance payment of rent for booking a exhibition hall. The party did not have a pan no. so we have deducted tds at higher rate i.e. 20%. This transaction took place in Jun 14.
and we have filed our e-tds return in Jun 14 which included this transaction
Subsequently in Aug 14 The booking was cancelled and the party refund the amount paid by us.(Net of TDS)
Kindly advice how do we adjust this transaction in current or subsequent quarter
and we have filed our e-tds return in Jun 14 which included this transaction
Subsequently in Aug 14 The booking was cancelled and the party refund the amount paid by us.(Net of TDS)
Kindly advice how do we adjust this transaction in current or subsequent quarter
Message likes :
1 times
14 October 2014
Revise tds return of Jun 14 removing this transaction or entering 0. Adjust this tds in current remittances.
14 October 2014
You can do pan change against that transaction by revising etds return
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
