TDS excess deposit

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accountant
461 Points Posted on 23 May 2020
I have deposit Rs.166540 excess amount to TDS account under 194C in Feb 20

can I utilize this amount in F Y. 20-21
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On 23 May 2020 at 12:52 Report
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Quick Summary
If you've made an excess deposit to your TDS account, specifically under section 194C, you can indeed utilise this amount in the current financial year (FY 20-21). To do so, you'll need to make the necessary adjustments on the TRACES website. This will allow you to apply the excess amount when filing your taxes in the next quarter.

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CA in Practice
174 Points Posted on 23 May 2020

Yes you can.

But you would have to adjust this amount in Traces website.

 

 

 

 

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On 23 May 2020 at 13:23
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Assistant Manager
118 Points Posted on 23 May 2020
Yes you can normally use this amount at the time of filing in next quarter.
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On 23 May 2020 at 18:29

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