What should be the treatment in case the tds has been deducted and deposited on advance but the transaction has been cancelled
4 Replies
satyendra kumar singh
(Manager-Finance & Accounts)
(100 Points)
Replied 07 February 2011
Dear Amit,
You you have not file th quaterly return then show the same amount as other deposit . & adjust it in next quarter .
Pankaj Arora
(Learner)
(3134 Points)
Replied 07 February 2011
Don’t worry when you TDS deposit earlier in party’S PAN you can carry forward this tds deposit amount when will any transaction will happen in this tds section that time you can give this tds to other party account or you can revise your return if you have already filed it.
CA MAULIK
(C.A)
(937 Points)
Replied 07 February 2011
u can setoff in the next return filing............aginst TDS liability.........bt proof is must...
CA MAULIK
(C.A)
(937 Points)
Replied 07 February 2011
u can setoff in the next return filing............aginst TDS liability.........bt proof is must...
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