TDS ISSUE

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This query is : Resolved

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A company paid Rs 3 Lakhs in TDS for a job work bill that was later cancelled. The TDS return was already filed showing both the bill and the TDS payment. The user needs guidance on how to carry forward this unused TDS amount to the next financial year, 2020-21, and how to reflect this in a revised TDS return.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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29 October 2020 We had paid TDS as of Rs 3 Lacs as on 07-08-20 for the Q-4- fy 19-20 on provision of some job work bill as of Rs 1.50 Crores but due to certain reason the bill has been cancelled. Since TDS Return as been filed and the said Bill and TDs both have been shown in TDS Return. How to use the said TDS for the next financial year 20-21.

Rupesh Jain

Rupesh Jain (Expert)
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30 October 2020 you can use this challan in year 2020-21, and use balance amount of tds for payment of tds.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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30 October 2020 Rupesh Sir Rgds to you

Thanks for your prompt reply.

What is the method for carrying forward the balance amount of TDS for the next fy 2020-21? I have imported conso file and I want to revise the said tds return in such a way that the revised tds return should show the balance amount of tds. As in which column I should feed the balance amount of TDS.

Hope you will please guide me and oblige.

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