Tds

TDS 544 views 1 replies

Dear Experts,

 

I have deducted wrongly TDS on 30 th june 12 and remitted the same to department within the due date  amounting to rs. 5 lac.

now on 30 july  reversed entry is passed.

now i want to know can the same amount can be adjusted again my future liability of TDS

if yes then what procedure i have to follow

and if no what should being done right now.

 

Reply fast

 

 

Thanks In Advance 

Replies (1)

Yes you can adjust the same against your future tdsliability.  Compute the TDS payable for the month, deduct from that amount the excess TDS paid previously & pay the balance TDS if any to teh credit fo Cent govt.


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