During March year end, if we creat a provision for some services and deduct the withhold taxes thereon but while making payment to the vendor in the next Fin. year against this provision , TDs is deducted again erroneously. Can this TDS be adjusted against some other party's TDS. what is the right thing to do in such a case.
1 Replies
Rachit
(Analyst)
(913 Points)
Replied 29 April 2010
TDS returns are filed quarterly. The double deduction of TDS may be rectified by adjusting it against other party in the same quarter.
Recent Topics
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
- Need your valueble insight.
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
Related Threads
CAclubindia
