Tds excess payment can adjustment in next quarter

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386 Points Posted on 30 July 2021
kya tds ka 1st qtr return janay kay baad excess amount ko next quater main adjustment karsak tay hai kya aur kaise
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On 30 July 2021 at 20:49 Report
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Quick Summary
If you've made an excess TDS payment in the first quarter, you can indeed adjust the remaining balance against your tax liability in the next quarter. The process involves using the challan from the first quarter to offset the current quarter's liability, and any leftover amount can then be applied to the second quarter's return.

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Chief Accountant
3150 Points Posted on 30 July 2021
Yes, you can adjust that for liability of next quarter
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On 30 July 2021 at 21:41
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386 Points Posted on 30 July 2021
How to adjust
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On 30 July 2021 at 21:55
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Chief Accountant
3150 Points Posted on 30 July 2021
As you have paid excess TDS challan in this quarter, adjust current quarter liability against that challan and for remaining balance you can adjust same challan against next quarter return
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On 30 July 2021 at 21:58
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386 Points Posted on 30 July 2021
Return already filed for the 1st quarter sir
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On 30 July 2021 at 22:12
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CMA
13117 Points Posted on 30 July 2021
You may adjust the excess in the 2nd quarter
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On 30 July 2021 at 22:26
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Chief Accountant
3150 Points Posted on 31 July 2021
After adjusting challan in first quarter, whatever excess paid/ balance left..you can use that in 2nd quarter return
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On 31 July 2021 at 10:18

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