Unconsumed TDS challan

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies how to utilise an unconsumed TDS challan, originally for an interest head, to offset a TDS payment for a different quarter. The advice is that the original challan details must be used when filing for the current quarter, with the unconsumed amount being drawn from it. This approach is also applicable for future tax filings within a reasonable timeframe.

DHANUSH KUMAR V

DHANUSH KUMAR V (Querist)
Follow

25 June 2020 There is unconsumed challan Rs 2500 under interest head related to Q3 and there is a TDS payment of Rs 150 for Q4, so now Rs 2500 is used to set off against tax amount ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 June 2020 Yes it can be used it will be accepted.

PARAS CHHAJED

PARAS CHHAJED

(Expert)
Follow

26 June 2020 You have to add that challan as it is in the Q4 i.e apart from date, BSR and challan number the challan amount has to be same and not the unconsumed amount. You may then consume the requisite amount out of unconsumed amount.

Message likes : 1 times

A.Senthil Subramanian

A.Senthil Subramanian (Expert)
Follow

17 July 2020 Yes you can use that challan for the unconsumed values for Q4 and for next year's ETDS filings also. That is one challan can be used for + or - one assessment year for which it originally remitted. But only the important thing is the unconsumed value should be calculated accordingly and for each time the original challan details should be provided in the ETDS return, in the challan details page.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now