TDS contract sec 194C

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A user inquired about adjusting an excess TDS payment made in January 2020 for a contract under Section 194C. The excess payment occurred due to a bill being accounted for twice. The advice given is that this excess TDS can indeed be adjusted against other suppliers in the current quarter, as TDS filing is done quarterly. This allows for the reallocation of the challan to different suppliers.

Balachandra Hegde

Balachandra Hegde (Querist)
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03 March 2020 Hello Sir,
I have TDS on contract amount deposited for the month of Jan 2020.. after i have checked in Feb month have paid excess due accounted in twice same bill in jan month .. now i have received in Feb month..can adjust TDS excess amount to other suppliers in Feb month which i have deposited earlier.. please advice