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Darshan N. Panchal (Querist)
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09 October 2013 Excess TDS payment is made, TDS liability is Rs.45925/- but paid Rs.65925/- in second quarter. Can this be adjusted in the third quarter by showing the same challan in both the quarters, as Q2 deductee total will be only Rs.45925/- and challan total will be extra Rs.20000/-

note: no deductee is ready to accept excess tax deduction

Please specify the section no. if possible

reply asap

@VaibhavJ

@VaibhavJ (Expert)
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09 October 2013 Hi

In new RPU wef 1 Oct 2013 there is provision for doing so.

Thanks//VaibhavJ

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 October 2013 Dear Darshan,

Don't worry at all. It was always possible to adjust future TDS liability against excess TDS paid. However, you will only be able to adjust TDS under the same section plus it would difficult if the adjustment is spread across different financial years. So make sure all the adjustments are completed by Q4

@VaibhavJ

@VaibhavJ (Expert)
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09 October 2013 Now you can claim credit of previous financial year too..

Pl refer https://blog.tdsman.com/tag/e-tds-return/

&

https://blog.ffcs.in/2013/09/26/file-validation-utility-fvu-4-0-and-2-136-applicable-from-01st-october-2013/

Thanks//VaibhavJ

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 October 2013 Vaibhav. Thanks for d update

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