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Excess TDS

Amod Ranjan (Service) (356 Points)

20 April 2011

Hi,

I have deposited Rs.7200 extra tds for a vendor (194J) for the month of Oct'10 by mistake. so can you please let me know how to manage this tds amount from vendor. if i will revise the return then how to manage extra amount.

Thanks in advance.

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5 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 20 April 2011

Don’t revise return give him excess tds deducted amount certificate…

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Amod Ranjan (Service) (356 Points)
Replied 20 April 2011

i haven't deducted from vendor, its deposited only.

Pankaj Arora (Learner) (3134 Points)
Replied 20 April 2011

If you have deposit than you can adjust with other vendors of same section… or you can give whole credit to any one of your vendor…

Amod Ranjan (Service) (356 Points)
Replied 20 April 2011

can i adjust it to same vendor in 4th qtr without revise return?

Pankaj Arora (Learner) (3134 Points)
Replied 20 April 2011

No.. its not possible because your tds statement will not tally you have to show some where this tds deposited amount with tds deducted.. without tally tds statement server will not accept your return..