TDS challan excess paid
Adarsh Babu (49 Points)
27 May 2022
how to claim the amount excess paid in Tds challan?
21 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 27 May 2022
Unutilised Balance in the tds challan can be used in the upcoming months and make short payment to the extent of excess payment in the upcoming months .
But question arises , whether tds payment can be done before deduct?
But question arises , whether tds payment can be done before deduct?
Nidhi
(Chief Accountant)
(3150 Points)
Replied 27 May 2022
U can adjust in next month or quarter, as the case may be
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 27 May 2022
Check once from tds utility whether date of tds payment can be prior to tds deduction.
Kesavaraj S
(580 Points)
Replied 27 May 2022
It is possible to adjust prior TDS payment in upcoming months TDS liability...
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 May 2022
For Tds demands it can be used but through regular statement of Tds , the tds utility may not accept
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
Either You can use such challan in next quarter TDS return or you can claim refund for that challan.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 13 June 2022
If you consider the tds in next quarter then date payment is prior to the date of deduction . RPU may through error
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
Same is allowed in TDS returns.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
I already do many and no error occured
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 13 June 2022
Date of tds payment can't be prior to deduction..It is a special case and adjustment can only be done through traces for tds demand and it can't be used in regular tds statement
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
We are doing it regularly as many times client fill wrong assessment year in TDS challan and till date no issue arise.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 13 June 2022
Few things can happen only through traces . Hope you know it
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