Extra tds deposited

Example.... Total TDS deducted and deposited during Quarter 1 was Rs. 50000. Out of Rs. 50000, Rs.40000 was against a liability u/s 194 C. Balance Rs. 10000 is extra which will be carried forward and adjusted against TDS liability of Quarter 2.

While filing TDS returns of Q1, how is the above to be shown under Challan details?

Replies (4)

Nothing to be mentioned specifically, just mention the challan details and the amount of challan and 40,000/- will be shown as adjusted. Balance 10,000/- will be shown as unadj...

So in challan details sheet the TDS amount will be Rs. 50000?

And in the next quarter when we adjust Rs. 10000, do we again show the challan of Rs. 50000 in th echallan details?

Yes.. next qtr the bal amount will get adj from the same challan..

Thanks a lot

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