TDS under 195

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A company paid a non-resident, deducted and remitted TDS under Section 195, and filed Form 15CA. Following a contract cancellation, they plan to adjust the payment against a future invoice. The core questions are whether the remitted TDS can be adjusted against future TDS deductions and what happens to the filed Form 15CA. The advice suggests adjusting TDS and filing a revised Form 15CA for a lesser amount in the future.

Manivannan

Manivannan (Querist)
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04 February 2024 Dear experts,

Our company made payment to non-resident, deducted TDS and remitted to government. Form 15CA has been filed. Subsequently, contract got cancelled. We informed to non-resident to adjust this payment with future invoice.
1. In this case, is it possible to adjust TDS deducted and remitted u/s 195 with future TDS deductions?
2. What will happen to the Form 15CA filed?