04 May 2013
MS.XYZ, a liason office has deducted TDS during the Month of March 2013 and paid to the government with in due date. However the payment was made for A.Y.2014-15 instead of A.Y.2013-14. On notice of the above error they again paid the same amount of deductions along with Interest for A.Y.2013-14
Can the amount wrongly paid for A.Y.2014-15 be utilised for the month of April-2014 ( A.Y.14-15). TDS return for Q4-2013 is not filed yet.
If it can adjusted plese give references to the provisions of the Act.
05 May 2013
As the First Challan is quoted as for 2014-15 it can surely be used for the Ist Quarter of FY 2013-14, provided the challan should not used for the 4th Quarter of FY 2012-13. So use the second challan (AY 2013-14 challan) for the 4th Quarter of FY 2012-13.
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