WebFeb 20, 2024 · Once you deposit the excess TDS after being deducted in excess, the only way is to revise the return, if already submitted. Otherwise, the same as to be adjusted … WebJul 1, 2024 · The FINANCE ACT 2024 has introduced two new changes in rules relating to Tax deducted at source (TDS) or Tax collected at source (TCS). A. Higher TDS/TCS rate for non-filer of income-tax returns. Until now, a higher TDS rate was deducted only for those …
TDS Under GST: Provisions, TDS Rate and Registration
WebMay 13, 2016 · Replied 13 May 2016. If a challan has any unconsumed balance, then it can be utilised against TDS liability under any other section apart from the section, on which challans is made. Further, that challans can be used against TDS liability of plus or minus a year, for which the challans paid. for ex: if u have paid 20k u/s 194c for FY 2012-13 ... WebFeb 20, 2024 · Once you deposit the excess TDS after being deducted in excess, the only way is to revise the return, if already submitted. Otherwise, the same as to be adjusted to the next quarters’ liability but it is doubtful that it can be carried forward to next year. Hence the excess TDS paid for Quarter-1 can be adjusted in the next quarter. how can seniors lose belly fat fast
Section 194N-TDS Rate Chart for FY 2024-24 (AY 2024-25) w.e.f.
WebOct 1, 2024 · TCS paid can be adjusted against tax payable when individuals who would have paid TCS file income tax returns (ITR) in India. Please consult your tax … WebAug 27, 2024 · Yes, you have 2 options:- 1.Adjust Advance Tax against TDS. 2.Claim refund for excess payment of Tax. Mahesh Whabi (CFO) (29 Points) Replied 17 February 2011 In that case, how Tax deduction will be reflected in Form 16? Tax deduction will be less than tax payable in Form 16. Pankaj Arora (Learner) (3129 Points) Replied 17 … WebIn this case, at the time of estimation of first installment there was no TDS credit with Mr. Raja. His estimated tax liability without TDS amounted to Rs. 1,00,000. In the month of August he received Rs. 1,80,000 after deduction of tax of Rs. 20,000, hence, he got a TDS credit of Rs. 20,000. His tax liability after granting of credit of TDS how many people in usa die daily from covid