TDS Excess Paid-where it can show in ETDS

TDS 808 views 2 replies

Hi,


I have one doubt that, for example we have paid TDS of Rs.50000/- aganst sec.194C and Rs.49000/- has been adjusted against the same. In this we have paid an excess of Rs.1000/-.

While preparing ETDS I have mentioned the above transaction in Challans sheet as; in TDS(403) column Rs.49000/-, in Others(407) column 1000/-, in Amount of Tax Deposited(408) column 50000/-.

Is it right to mention the excess payment of Rs.1000/- in "Others" column...? otherwise is there any other column to mention the same....?, I didn't find it..

One of my friend told me that, if there is any penalty paid to IT Dept. that amount only has been shown in "Others" Column. Is it right....?

Replies (2)

yes in others column only interest or penalty amount can shown.

u just revise your return and show excess tds of 1000 into any Party account to set off excess tds deposit.

If I adjust the excess amount against any party, how can I set off that amount....?

For interest, there is a column called "Interest" in Challans sheet in ETDS.


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