Excess TDS payment

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accountant
461 Points Posted on 17 June 2020
I did excess TDs payment last year under 194C.

can I utilise in F Y 20-21.
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On 17 June 2020 at 17:36 Report
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Quick Summary
If you've made an excess TDS payment under Section 194C in the previous financial year, you can indeed utilise this balance in FY 20-21. The process involves adding deductees through an online correction statement. This allows you to effectively carry forward and use the excess TDS challan balance in the current financial year.

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Learner
140 Points Posted on 17 June 2020
Yes...You can add deductees through online correction statement...and utilize that challan balance
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On 17 June 2020 at 21:13
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4215 Points Posted on 17 June 2020
Yes it is hold good
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On 17 June 2020 at 22:24
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Chartered Accountant
821 Points Posted on 21 June 2020
Yes, excess tds can be utilized in the next FY
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On 21 June 2020 at 16:33

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