TDS if paid excess


This query is : Resolved 

Quick Summary
If you've paid excess TDS under sections 194C or 194I, you can adjust this amount in subsequent months up until March 2021. For comprehensive details on TDS, consider subscribing to the daily newsletter from taxguru.in.

08 May 2020 Hi,

If we paid excess TDS to Income Tax Department under section 194C and 194I in the month of April 2020 and that excess TDS can adjust in next month May 2020.

Thanking You
Kumar




08 May 2020 Yes you can adjust till March 2021.

08 May 2020 Thanks Sir very much, if i want to get full information on TDS, which book should i read.

08 May 2020 Subscribe daily newsletter of https://taxguru.in and you will get all information.

08 May 2020 Thanks a Lot for your quick reply.

09 May 2020 Yes You can adjust for next financial year 2020-21


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