Whether TDS unclaimed challans and excess amount in claimed challans can be adjusted against late filling fees us/ 234E or interest charged on late payment of TDS u/s 201 (1A)? If yes, than what is the process for the same adjustment?
Whether TDS unclaimed challans and excess amount in claimed challans can be adjusted against late filling fees us/ 234E or interest charged on late payment of TDS u/s 201 (1A)? If yes, than what is the process for the same adjustment?
Dear Sir
You could adjust unclaimed TDS amount Against
1. Due arise in last year (within one year) From the date of Payment.
2. Due arise in next year (within one year) from the date of payment.
You need to revise your TDS return by selecting the challan showing excess balance.
procedure will be same as Revise Return of TDS.
Thank You Jay for this piece of information.
But I am already aware of this provision and this is applicable for adjustment of TDS payment.
What I am here asking fis that whether can excesss payment against interest liability raised for late payment of TDS?
Hope you got my point.
Dear Sir
Already got you point. As u also know there is no any referenced section/ provision for adjustment of excess TDS amount against Fees or Panalty.
I was also raised to the same query to adjust this excess amount to TDS CPC and they had suggested that adjustment.
TDS CPC 0202-721-8080
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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