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

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CA Final student
36 Points Posted on 03 September 2020

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.

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On 03 September 2020 at 20:42 Report
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Quick Summary
This discussion addresses the scenario where an individual has mistakenly paid an excess amount of TDS on salaries. The consensus is that this excess TDS can indeed be adjusted against the TDS liability for the following month. It was also confirmed that the TDS return (RPU) will accept the deposit even if the challan payment date is prior to the salary credit date for the quarter.

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Tax and Business Consultant
5533 Points Posted on 03 September 2020
Yes, you can ....
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On 03 September 2020 at 21:02
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218 Points Posted on 03 September 2020
Yes you can adjust from next month liability
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On 03 September 2020 at 21:08
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151 Points Posted on 03 September 2020
Yes it can be adjusted
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On 03 September 2020 at 21:14
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CA Final student
36 Points Posted on 03 September 2020
Thank you all for your prompt reply. Does TDS return RPU accept if TDS deposit date prior to Salary credit date. Plz reply.
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On 03 September 2020 at 21:25
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Tax and Business Consultant
5533 Points Posted on 03 September 2020
Yes, of course...RPU will accept
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On 03 September 2020 at 21:28
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CA Final student
36 Points Posted on 03 September 2020
Thank you.
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On 03 September 2020 at 21:30

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