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What can be done incase of excess payment of TDS Remittence
than the actual amount? Is there any adjustment towards the
excess amount with the upcoming TDS payment?
- 8 Answers
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Answer / gayatri
The excess TDS paid can be adjusted with the upcoming TDS
payments.
| Is This Answer Correct ? | 52 Yes | 6 No |
Answer / v.mohan
it can be adjusted in upcoming tds payment and it should be
adjusted in same fanancial year. we cant adjust in next
financial year for previous year's excess tds payment
| Is This Answer Correct ? | 36 Yes | 17 No |
Answer / rajani ingle
The excess TDS remitted can be adjusted in the same
financial year. But due care should be taken that the
adjustment should be within the same category. For eg. in
case an excess TDS has been remitted to the Govt. under
Section 194C ( contractual payments) under the Non Company
category, the adjustment should neccessarily be towards the
TDS payments under 194C non company category.
| Is This Answer Correct ? | 20 Yes | 6 No |
Answer / manish kumar shah
yes the amount can be adjusted but should be under the same
head under which it was deducted
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / hemant dubey
Excess payment of TDS can be adjusted in upcomeing TDS
Payments in sames financial year
but its categry must be same.
like rent tds to be adjusted form rent
salary tds to be adjusted form salary
| Is This Answer Correct ? | 11 Yes | 5 No |
Answer / n ganeshan
IF AT ALL UNABLE TO ADJUST THE EXCESS TDS MAY BE TREATED AS ADVANCE BUT FOR WHICH ADV AMT TO BE RECD FORM THE RECIPIENT OF THE TDS. SO THAT FOR NEXT FY THE SAME GET ADJUSTED AUTOMATICALLY.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / a
Answer is right but please provide the section no where such is written. Its written for salary in 192(3). but what about 195 payments
| Is This Answer Correct ? | 3 Yes | 0 No |
What is meant by asset clearance . how should i make my entries in tally
for the deduct of tds on rent including service tax or not
What is FBT? please guide me with the example
My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?
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Audit 
