Excess TDS deposited. Can the same be adjusted against the next month TDS liability.

TDS / TCS 499 views 6 replies

Hi today I paid TDS u/s 92B on salaries  paid the month of August, 2020. But by mistake I paid one lakh excess. My question is can this one lakh amount be adjusted  agains the TDS liability on salaries payable for the month of September. Will the TDS RPU for this quarter accepts if the salary credit is 30th september and challan payments date prior to it (i.e today's date).

Please  let me know the procedure too.

Replies (6)
Yes, you can ....
Yes you can adjust from next month liability
Yes it can be adjusted
Thank you all for your prompt reply. Does TDS return RPU accept if TDS deposit date prior to Salary credit date. Plz reply.
Yes, of course...RPU will accept
Thank you.


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