TDS Excess Payment - 192B
This query is : Resolved
05 July 2021
Dear Sir/Madam,
In Last Quarter Jan'21 to Mar'21 I paid excess amount of TDS for the section 192B. If there is any possible to adjust balance Challan amount of TDS in current quarter (Apr'21 to Jun'21). If there is no possible what will i do or If that balance amount filed in last quarter to the same person and advise him apply to Refund.
Kindly give me suggestion.
Thank you
In Last Quarter Jan'21 to Mar'21 I paid excess amount of TDS for the section 192B. If there is any possible to adjust balance Challan amount of TDS in current quarter (Apr'21 to Jun'21). If there is no possible what will i do or If that balance amount filed in last quarter to the same person and advise him apply to Refund.
Kindly give me suggestion.
Thank you
05 July 2021
Yes. It is possible to utilize the excess paid TDS amount of Q4 of FY 20-21 in Q1 of FY 21-22. Because CPC (TDS) has devised a processing logic in the system to permit a Single Challan for different assessment year. It is also possible to claim refund of the same, if you don't want to carry it forward for next financial year and adjust.
Message likes :
2 times
06 July 2021
You can utilize the amount next financial year 2021-22
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
