B K Das (Audit Manager) (52 Points)
14 December 2012
During Sep'12, we had deposited excess amount of With holding Taxes deducted from Non-resident (Section 195).
Can it be carried forwarded to next quarter ie Oct'12 to Dec'12 by adjusting the TDS liablity for Oct'12.
Ravi Kumar Mahaur
(CA-FINAL)
(202 Points)
Replied 14 December 2012
NO you cannot carry forward such paid amount of tds.
The only thing can be possible it is to file the return by such Non-resident to claim the refund of such excess tds paid earlier.
B K Das
(Audit Manager)
(52 Points)
Replied 15 December 2012
| Originally posted by : ANAND S | ||
 |
Yes we can adjust with in financial year |
Hi Mr. Anand, Thanks for your reply. Could you please the section/clause/para reference under IT Act so that I can furnish explanation to IT Dept. I will be grateful to receive your reply.
Thnx,
|
ANAND S
(student)
(162 Points)
Replied 15 December 2012
i think it is possible but i hav'nt find correct section for adjusting 195 TDS sorry i will get once i found
ANAND S
(student)
(162 Points)
Replied 29 December 2012
Sir,
We need to file form 27 for 195 Deduction in that while filing quarterly return we can adjust it
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