Tds deposited in wrong a.y.
This query is : Resolved
Rakesh Sharma
(Querist)
06 May 2014
Dear Experts,
We have deposited TDS in wrong a.y. 2014-15 instead of a.y. 2015-16 for April-2014.
Can we use this challan in Ist Qtr. return or we have to write a request to A.O.
Below link indicate that no importance of a.y.
https://www.simpletaxindia.net/2013/09/deductor-can-adjust-excess-tds-in-next.html
Please advise.
We have deposited TDS in wrong a.y. 2014-15 instead of a.y. 2015-16 for April-2014.
Can we use this challan in Ist Qtr. return or we have to write a request to A.O.
Below link indicate that no importance of a.y.
https://www.simpletaxindia.net/2013/09/deductor-can-adjust-excess-tds-in-next.html
Please advise.
Nikhil Kaushik
(Expert)
06 May 2014
Dear Rakesh,
it seems that TDS return softwares have made challan year irrelevant...the only problem is that this is not yet backed by income-tax rules.
it seems that TDS return softwares have made challan year irrelevant...the only problem is that this is not yet backed by income-tax rules.
Rakesh Sharma
(Querist)
06 May 2014
Dear Kaushik Sir, Should we go for change?
Nikhil Kaushik
(Expert)
06 May 2014
no harm in trying as long as the TDS return is permitting, you may go for it. I tried a similar thing last year, got a short deduction certificate!
Rakesh Sharma
(Querist)
06 May 2014
Thanks for quick reply.
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