If i have paid a challan with interest only for TDS, with interest being more than what is actually required, can i use the excess interest paid in next quarter's tds.
7 Replies
YOKESH S : IT DEPT
(6 Points)
Replied 23 June 2025
Thank you. Also is it necessary to mention the interest only challan in form24q text file because the interest only challan is not associated with any employees.
sabyasachi mukherjee
(27858 Points)
Replied 24 June 2025
No it cant be adjusted against that quarter unless a revised return is in place.
YOKESH S : IT DEPT
(6 Points)
Replied 24 June 2025
Thank you. While associating excess of interest paid from the interest only challan to Employee TDS, should we make any changes in form24q text file, as to indicate that is interest only challan
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