Hi All
For April and May rent I have deducted TDS with 15%. Which should be 10%. Is it possible to deduct less TDS in June. what will be the chnages required at the time of quarterly return ?
Waiting for help
Varsha
varsha (ghhg) (92 Points)
01 June 2011Hi All
For April and May rent I have deducted TDS with 15%. Which should be 10%. Is it possible to deduct less TDS in June. what will be the chnages required at the time of quarterly return ?
Waiting for help
Varsha
neha abhishek
(Auditor)
(60 Points)
Replied 01 June 2011
In case you have deducted Excess TDS from someone and deposited to the government, you need to do two things:
Do Not Issue Certificate of Deduction to the Person for higher tax .
Claim refund of excess tax dedcuted.
varsha
(ghhg)
(92 Points)
Replied 01 June 2011
I have not filed return for the quarter. I have disscussed the issue with friends and now decided that I will not deduct TDS in this month and use the already paid extra ( 5% in April + 5% in May) TDS for June.
Thanks and regards
Varsha
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