Last qtr. excess payment of tds challan use in next quarter?
This query is : Resolved
Harshad Parab
(Querist)
10 July 2015
Can I use Excess Payment of last Quarter TDS payment Challan in next quarter TDS return.
last qtr payable Rs.100/-
last qtr paid Rs. 120/-
can I use Rs.20 for next qtr from same challan?
last qtr payable Rs.100/-
last qtr paid Rs. 120/-
can I use Rs.20 for next qtr from same challan?
10 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:
https://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html
Also check out the link given below in this regard:
https://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html
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