Can TDS compounding fee be adjusted against "UNCLAIMED" AMOUNTS AVAILABLE ON OLTAS

jayshree (service) (25 Points)

18 January 2024  

 

Hello Members, 

I have a query on payment of TDS compounding Fees. The total compounding amount payable is  11 Lacs for 3 different assessment years. 

We have also paid excess TDS amounts in the past which is amounting to around 3 Lacs across 4 different assessment years. This amount of 3 lacs is lying in unclaimed / partially claimed challan status in Traces.

May I request someone to please advise if we can adjust/ utilise this unclaimed TDS towards payment of compounding fees and pay only 8 Lacs ?  

Thank you. 

Regards, 

Jayshree