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EXCESS TDS

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)

14 December 2009

If TDS payment made double in 2nd Qtr. Can we adjust the same in next bill/payment in 3rd qtr.

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7 Replies

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 14 December 2009

I think yes.You will have to revise the 2nd qtr TDS return.

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Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
Replied 14 December 2009

But what about double payment made?

(Guest)

yes you can...

CA A.K. Gupta (SR AUDITOR) (25 Points)
Replied 14 December 2009

if tds deducted on salary then u can adjust otherwise other than salary u can n't.

BIJAY KUMAR RUNGTA (CA FINAL STUDENT) (85 Points)
Replied 14 December 2009

yes, we can adjust tds very comfortably if the tds has been deducted excess of the same party in 2 nd qtr and we can adjust it next qtr.or we can do one more thing ReVised Return

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BIJAY KUMAR RUNGTA (CA FINAL STUDENT) (85 Points)
Replied 14 December 2009

if the tds payment has been made doule in return then we can adjust the tds in next qtr if the party has raised bill which is equivalent to excess tds payment made of the same party in 2 nd qtr.

Dilip (Working) (408 Points)
Replied 14 December 2009

Bijan kumar is correct. 1st reivese the tds return and from the payment of next month adjust the amount which u had paid twice. pls adjust the amount with corresponding party/vendor against subsequent's month payment.