Tds paid more than liability
This query is : Resolved
surender sah
(Querist)
17 January 2018
Payment for TDS made more than its actual liabililty for Quarter 3 (period of Oct_2017 to Dec_2017) which as under:
liability for Q3 is 200000 section 194
Payment made is 450000 section 194
In this case, how can this excess payment be adjusted or get refunded???
Please assist in this matter.
liability for Q3 is 200000 section 194
Payment made is 450000 section 194
In this case, how can this excess payment be adjusted or get refunded???
Please assist in this matter.
CA R SEETHARAMAN
(Expert)
17 January 2018
You can adjust the excess payment in next quarter/next year remittance.
surender sah
(Querist)
19 January 2018
Thanks for kind reply, Sir!
But, I have few doubts ..........??
1. Will I have to refer the same challan number in this quarter's return and next quarter's return also....?
2. Is it possible to adjust with Different section liability with with a single challan amount????
Please assist, thanks!
Thanks for kind reply, Sir!
But, I have few doubts ..........??
1. Will I have to refer the same challan number in this quarter's return and next quarter's return also....?
2. Is it possible to adjust with Different section liability with with a single challan amount????
Please assist, thanks!
CA R SEETHARAMAN
(Expert)
19 January 2018
1 Yes same challan number to be given in both quarter.
2 yes different sections TDS adjustable in single challan.
2 yes different sections TDS adjustable in single challan.
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