Arjun (CA Final) (106 Points)
12 August 2009Please provide your suggestion and respective provision for the below query. We remitted TDS twice to the department on 07 Aug 09 by mistake under sec 195, 192B, 194C, 194I, 194J for July 09. Can we adjust the excess paid in the next period?if yes how?. As these are deducted for individual vendors and employees salaries.. How to rectify... Please post your views..
Sweta Jalan
(Company Secretary)
(177 Points)
Replied 12 August 2009
Yes you can adjust the excess amount with the amount payable in next period under these sections. Since you have to allocate these tds amounts to your deductees at the time of filing tds return (return to be filed on or before 15th october 09), so you can easily adjust these amounts in the next months
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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