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 ?
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
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.
CAclubindia
