Wct can be adjusted ???????????

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 November 2011 If any client wrongly deducted WCT in the month Oct'11.
can be adjusted next month against the deduction?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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03 November 2011 Mr Author,
The rule always is that the tds made should be equal to the tax payable by the contractor.If more amount is deducted in one month,it can be adjusted by making suitably less in the next month.Similarly any less deduction of a month or a bill can be made good by increasing it in the next payment.
MJK