A user made an excess payment for TDS under Challan US 194J for March 2021. They inquired about adjusting this excess payment in the current or subsequent quarters until it's squared off. The advice provided confirms that such adjustments are indeed possible.
05 May 2021
I MADE EXCESS PAYMENT IN TDS CHALLAN US 194J AS BELOW
TAX - XXXXXX OTHER - XXXXXX
CAN I ADJUST ABOVE EXCESS PAYMENT IN THE EXISTING QUARTER & SUBSEQUENT QUARTER (ANY OF THE SECTION) UNTILL THE EXCESS PAYMENT SEQUARE OFF. PLEASE ADVICE.
05 May 2021
YES, YOU CAN ADJUST ABOVE EXCESS PAYMENT IN THE EXISTING QUARTER & SUBSEQUENT QUARTER (ANY OF THE SECTION) UNTILL THE EXCESS PAYMENT SQUARE OFF.