A company is deducting TDS for interest, which is being paid by it in every month through out the year.
A small mistake has taken place in the calculation and the amount deducted has become excess in the month of Jan, can the company adjust that excess deduction in further payments, i.e.., Feb & March…???
Menu
TDS Vs Interest
Replies (8)
Yes, it can be adjusted in Feb and March
yes it can
Yes it can be done. Because as far as the revenue is concerned there is no loss for them. It can be told that the the TDS deducted in excess relates to the advance payment and hence would be allowed.
Yes it can be done. Because as far as the revenue is concerned there is no loss for them. It can be told that the the TDS deducted in excess relates to the advance payment and hence would be allowed.
Yes it can be done. Because as far as the revenue is concerned there is no loss for them. It can be told that the the TDS deducted in excess relates to the advance payment and hence would be allowed.
yes it can be adjuisted...
Hi Murali,
this can be adjusted in feb & Mar. But while preparing Quaterly Return of TDS, make sure that all the amount i.e., Interest and TDS should be adjusted carefully.
Thanks,
Bidyadhar Buxi
Recent Threads
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
Related Threads
CAclubindia
