Tds

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YAGNESH HASMUKH DAVE (Querist)

18 June 2015 if excess tds payment is done by mistake for eg - tds deducted 10000 thousand and tds payment made 20000 thousand then how to adjust or get refund excess bal 10000 thousand tds payment

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 June 2015 you can adjust the excess payment in the next month/quarter and file TDS return including the excess paid challan.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

18 June 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

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