if a Co.paid excess TDS in Sec 194c in Q-4, then can it be adjusted in next year Q-1 for short payment of Sec 194c or any other section, say Sec 194 J ?
please advice with legal references of income tax.
thanks.
Menu
EXCESS PAID TDS ADJUSTMENT
Replies (3)
Yes the same challan unconsumed payment can be utilised in next returns. for this add the challan to the statement and use amount to the tune of the unconsumed amount.
As regards cross utilisation of payments across sections is also allowed. I'll give the legal references soon.
As regards cross utilisation of payments across sections is also allowed. I'll give the legal references soon.
Thanks for prompt reply...I found in TIN website there is FVU 4.0 where it is clarify the same. but,i couldn't get the section references or any circular/Notification.
Https://contents.tdscpc.gov.in/en/tdscpc-communication69.H T M L
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
