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Tds on debit notes

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Plz Reply,

We have deducted TDS on job work of Rs 100000/- @ 1% i.e Rs 1000/- on 2.feb.12,, now on 17.2.12 we raised debit note to the party for fault in work of Rs. 40000.

Now plz guide me that what will be the treatment for TDS on this debit note raised, because now the net bill is of RS. 60000 on which TDS should b Rs 600, but as we have already deducted Rs 1000/-, so what is the treatment regardibg this.

 

Thanks & Regards..

Replies (2)

DEAR SIR

AP NE RS 100,000/-( ONE LACS) PE TDS DEDUCT KAR LIYEA HAI  1%  RS 1000/-, BUT ACTUAL AMT RS  60,000/- ISH AMT PE TDS RS 600/-  BANTA HAI. APP NE RS 1000/- DEPOSITED BE KARA DIYEA HAI.

 

APNE JO AMT EXCESS  DEPOSIT KARA DIYEA HAI RS 400/- (FOUR HUNDRED) USH AMT KO SAME WORK CONTRACT SE MATLAB KISI AUR PATY KA AMT UTNA AMT SE KAM DEPOSITED KAR DE. RS 400/- ADJUST KAR DE. YA USHKO EXCESS DEKHA DE KE EXCESS DEPOSIT KAR DIYEA.

You  have Deducted Rs. 1000/- and deposited.... But you have not mentioned that you have been filed the return or not?? . If you have been filed the return on same amount and same deductor.. then there is no option to change the current status... So its good for you to give 16A Certificate of Rs. 1000/- to party... He will claim the same and take benefit of it..

or

You have been not filed the return then you can adjst this remaining amount to another party..

this problem will be solve.


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