09-26-2009, 04:26 PM
Dear Umair,
If the excess amount has been deposited on account of sales tax, then, subject to the specified conditions, it may be adjusted in the next return.
With regards to FED, Practically, there is no bar if the said mistakes have been made, many such discrepancies are noted/found in many cases. No need to worry, actual purpose is to pay tax, head of account is not as much mandatory that it will be tantamount to attract any consequences or penalties.
Regards,
If the excess amount has been deposited on account of sales tax, then, subject to the specified conditions, it may be adjusted in the next return.
With regards to FED, Practically, there is no bar if the said mistakes have been made, many such discrepancies are noted/found in many cases. No need to worry, actual purpose is to pay tax, head of account is not as much mandatory that it will be tantamount to attract any consequences or penalties.
Regards,
