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Adjustment of excess tds paid

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08 July 2015 08.07.2015

Respected Sir,

Can we adjust excess tds paid in qtr.4 in fy 2014-15 in next fy 15-16.

Please clarify my query.

Thanks & regards
Bobby

08 July 2015 As per CPC Communication dated 10.09.2014 a single challan can be used for payment of tax deducted at source for multiple financial years. Excess challan paid in any quarter can not only be used for payment in subsequent quarters of the same financial year but also for subsequent financial years also, if there is unconsumed amount in the challan.


Also check out the link given below in this regard:

http://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html



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