Tds return filing - reg.
This query is : Resolved
Gopalakrishnan. S
(Querist)
22 May 2019
Sir,
We are running a school in a Rented premisses. We are deducting TDS on our payment of rent to the landlord.
In the previous year ( FY 2017 - 18 ), we have made an excess remittance of TDS, equalling to TDS on 2 month's rent and this amount has been made in a separate challan. We have mentioned the Assessment Year as 2018 - 19 in that challan.
While filing the TDS return for the previous FY ( 2017 - 18 ), we have not mentioned this payment in the return.
Now, can we adjust the said TDS amount in our TDS return for the FY 18-19, since the AY in the said challan is " 17-18 " . Will the system accept this ?
If not, what is the remedy. Psl. Advice.
We are running a school in a Rented premisses. We are deducting TDS on our payment of rent to the landlord.
In the previous year ( FY 2017 - 18 ), we have made an excess remittance of TDS, equalling to TDS on 2 month's rent and this amount has been made in a separate challan. We have mentioned the Assessment Year as 2018 - 19 in that challan.
While filing the TDS return for the previous FY ( 2017 - 18 ), we have not mentioned this payment in the return.
Now, can we adjust the said TDS amount in our TDS return for the FY 18-19, since the AY in the said challan is " 17-18 " . Will the system accept this ?
If not, what is the remedy. Psl. Advice.
GN Patankar
(Expert)
22 May 2019
Dear Mr Gopalakrishnan, You can adjust TDS in subsequent quarter, further there is no any restriction to adjust Challan in particular Section code . Suppose If u paid challan Under Section 194J than you can also adjust it with other Sections code
Thanks
Thanks
Gopalakrishnan. S
(Querist)
23 May 2019
OK Sir, Thank You.
Gopalakrishnan. S
(Querist)
23 May 2019
Sir, One more clarrification. With reference to my earlier querry, can I adjust the excess TDS paid in FY 2017 - 18 in my TDS Returns for 4th quarter of FY 2018 - 19. Pls. Advice.
GN Patankar
(Expert)
29 May 2019
Yes you can adjust in next quarter,. This TDS challan will reflect in both the returns.
say by mistake Challan paid for ₹ 5500/- U/s 194J . Actual TDS for the quarter is ₹ 2000/- 194C &. ₹ 500/- 194J, Now This challan would be adjust against deductee of 2000/-& 500/- and rest ₹ 3000/- can be adjust in next quarter .
Thanks
say by mistake Challan paid for ₹ 5500/- U/s 194J . Actual TDS for the quarter is ₹ 2000/- 194C &. ₹ 500/- 194J, Now This challan would be adjust against deductee of 2000/-& 500/- and rest ₹ 3000/- can be adjust in next quarter .
Thanks
CA Rashmi Gandhi
(Expert)
29 May 2019
You can take same challan in return period of next and previous 1 year but it is to be kept in mind that return to be submitted manually at tin nsdl center not online.
Gopalakrishnan. S
(Querist)
31 May 2019
Thanks for the valid feed back.
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
01 June 2019
Welcome my pleasure......
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