how to claim the amount excess paid in Tds challan?
Replies (21)
Quick Summary
Excess TDS paid in a challan can generally be adjusted in subsequent TDS returns or future liabilities. Alternatively, it may be claimed as a refund. However, proper usage depends on TRACES validation, correct assessment year, and compliance with TDS utility rules to avoid errors in return filing.
Unutilised Balance in the tds challan can be used in the upcoming months and make short payment to the extent of excess payment in the upcoming months .
But question arises , whether tds payment can be done before deduct?
Date of tds payment can't be prior to deduction..It is a special case and adjustment can only be done through traces for tds demand and it can't be used in regular tds statement
CAclubindia
