Tag Archives: #TaxReversal

What is the process of TDS cancellation?

Penalties for Non Compliance

The process of TDS cancellation Cancellation of TDS (Tax Deducted at Source) refers to the process of revoking or withdrawing a previously issued TDS deduction. TDS cancellation may be required in certain situations, such as: Incorrect Deduction: If a TDS deduction was made erroneously or incorrectly, and it is determined that no tax should have… Read More »

Will GST recover after wrong or extra paid?

GST compliance for LLP

  GST Recovery Process   GST Recovery Process, If a wrong or extra payment has been made under the Goods and Services Tax (GST) system, it is possible to seek a refund or adjustment for the excess amount paid. Good and service Tax Recovery Process for obtaining a refund or correcting the payment may vary… Read More »