Tds return filing - reg.
This query is : Resolved
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.
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
23 May 2019
OK Sir, Thank You.
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.
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
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.
31 May 2019
Thanks for the valid feed back.
Message likes :
1 times
01 June 2019
Welcome my pleasure......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST not cancelled by tenant
- Filling ITR - U
- TDS ON EMAIL DOMAIN SERVICE BILL
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FORM 141 SDV query
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
