TDS deduct but deposit late

This discussion addresses a common issue where TDS was deducted for a quarter but deposited late, leading to it not reflecting in the vendor's Form 26AS. The primary cause identified is the incorrect selection of the Assessment Year (AY) during challan filing and TDS return submission. For the April-June 2020 quarter, the correct Financial Year (FY) is 2020-2021, and the corresponding Assessment Year (AY) should be 2021-2022, not 2020-2021.