banner_ad

Tds excess deduction

Others 205 views 2 replies
I am mahesh r

we pay rent every month 35,00,000 but covid effect owner reduce rent 32,00,000 june month effect from april
but our confusion alredy we deducted tds 35,00,000 amount april and may.
owner provide rent reduction credit note 6,00,000 .
how to adjust excess deducted tds
pls explain
Replies (2)
The excess paid tds can be used further to adjust the tds liabilities of the same financial year as well as next financial year. Simply u can use the balance available in a tds paid challan for further utilisation in current FY and Next FY

The excess TDS deducted for any quarter can be carried forward to the next quarter and can also be adjusted in the next financial year as per the new FVU available.

 

 

 

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details