Dear SIr,
We have made TDS payment deducted on slaries twice as there was problem in generation of challan for the same month. My question is whether the same amount can be adjusted or shown for the next month TDS payment (instead of making payment next month)? Kindly let me know.
regards
Ramakrishna
yeas you can adjust the same
The provisions of Section 192(3) allow the deductor to make adjustments for any excess or shortfall in the deduction of tax already made during the financial year, in subsequent deductions for that employee within that financial year itself.
thank you.
Shyam Joshi & Associates
Pune
B.Com
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Karia Overseas
Ahmedabad
CA
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