Adjustment of tds by deductor
Sanjay Chitnis (Service) (53 Points)
08 September 2016Sanjay Chitnis (Service) (53 Points)
08 September 2016
Bharath
(C.A,C.S)
(3983 Points)
Replied 08 September 2016
IIT Madras can claim refund of the TDS amount which you have deducted as they are an exmept entity.
Haren C. Kothari
(Accountant)
(25 Points)
Replied 10 September 2016
You can delite this deductee with help of conso file, and utilise this avalable balance for next TDS payment
Sanjay Chitnis
(Service)
(53 Points)
Replied 10 September 2016
Yes of course Mr. Kothari. Thanks for your very useful and practical response. Actually I did thank you by replying to your PM.
I have communicated your solution to our accounts department who will hopefully will be able to solve the issue.