MANOJ (EMPLOYEE AS ACCOUNTANT) (91 Points)
12 April 2016
sandeep
(Accountant)
(111 Points)
Replied 12 April 2016
You can not claim the refund, On the contrary you can adjust the excess amount of TDS against the future tax payment ( e.g. TDS for the next month or so on )
dear members, please suggest right solution if i am wrong.
Brijesh Kumar singh
(Accounts Officer)
(26 Points)
Replied 13 April 2016
I think sandeep is correct.
hary
(CA)
(116 Points)
Replied 25 April 2016
Kaushik Joshi
(Practising Chartered Accountant)
(1527 Points)
Replied 26 April 2016
MANOJ
(EMPLOYEE AS ACCOUNTANT)
(91 Points)
Replied 26 April 2016
Dear Sir,
As you said, we can utlise excess paid challan in next quarter if it is unutilised.
So, Can we utilise the Tds challan paid in March'16 i.e. F.Y 15-16 for next F.Y. i.e. 2016-17.
Also find here one link where they are saying we can uitilise excess TDS Deposited in One Section/ AY can be adjusted in another Section/ AY. https://www.simpletaxindia.net/2014/09/excess-tds-deposited-in-one-section-ay-can-be-adj-another-section-ay.H T M L#axzz45yrZXRl5
Thanks & Regards
Manoj
Kaushik Joshi
(Practising Chartered Accountant)
(1527 Points)
Replied 26 April 2016
MANOJ
(EMPLOYEE AS ACCOUNTANT)
(91 Points)
Replied 26 April 2016
Thanks, It solves my query.
I will not use it for any other sections, so there won't be any problem.
but as per CPC (TDS) we can - see this link https://contents.tdscpc.gov.in/en/tdscpc-communication69.H T M L
Regards
Manoj
Kaushik Joshi
(Practising Chartered Accountant)
(1527 Points)
Replied 26 April 2016
Kaushik Joshi
(Practising Chartered Accountant)
(1527 Points)
Replied 26 April 2016
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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