Exess Late Fee under 234E on past Challans
This query is : Resolved
01 December 2022
We have unconsumed amounts on some past challans in FY 19-20, 20-21 and the unconsumed amounts represent the excess 234E late fee we had paid on those challans.
Can we adjust these unconsumed challan amounts ( as i mentioned, these are excess late fees we had paid on past challans ) towards the payment of TDS in the coming quarters ? If yes, could you please explain the process to follow ?
Txs
Can we adjust these unconsumed challan amounts ( as i mentioned, these are excess late fees we had paid on past challans ) towards the payment of TDS in the coming quarters ? If yes, could you please explain the process to follow ?
Txs
01 December 2022
Yes, enter the unutilised challan in TDS return and adjust the amount against TDS payable it will be accepted.
Message likes :
1 times
02 December 2022
@ CA R SEETHARAMAN Sir
Thanks for your response.
Instead of using those unconsumed balances in the past challans for future TDS payments, can we seek a refunds of all of those unconsumed challans in the past ?
As i mentioned previously , the unconsumed balances on past challans represent the excess late fees we had paid on those past challans
Could you pls advise, Sir ?
Thanks for your response.
Instead of using those unconsumed balances in the past challans for future TDS payments, can we seek a refunds of all of those unconsumed challans in the past ?
As i mentioned previously , the unconsumed balances on past challans represent the excess late fees we had paid on those past challans
Could you pls advise, Sir ?
02 December 2022
Utilise it for future TDS payments.
Refund can be opt for only in case of no future TDS payment.
Late fee excess payment can be utilised for TDS payment it's allowed.
Refund can be opt for only in case of no future TDS payment.
Late fee excess payment can be utilised for TDS payment it's allowed.
Message likes :
1 times
02 December 2022
You are welcome...
..
..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- LIC Annuity received under Jeevan Akshay Scheme
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
