Tds deposited in wrong a.y.

This query is : Resolved

Rakesh Sharma (Querist)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

Rakesh Sharma

Rakesh Sharma (Querist)
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06 May 2014 Dear Kaushik Sir, Should we go for change?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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

Rakesh Sharma (Querist)
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06 May 2014 Thanks for quick reply.

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