Advance Deposit of TDS

[Asked by Guest]

is it possible to adjust TDS which is deposited in previous Quarter in the Same Financial Year

e.g.

TDS Deposited with Income Tax Department (but not Deducted) Under Section 194J in Q 3.

now it is deducted in Quarter 4.. 

is it possible to claim Advance Deposited TDS in Q 3 with Dedicted in Q 4.

Yes it is possible only if we have shown in Q3 that there is excess TDS deposited & also the amt of Unutilised challan 

AI Summary

Advance deposit of TDS can be adjusted later if the excess payment is shown and an unutilised challan is reported.
Advance deposit of tax deducted at source may be adjusted against a later deduction in the same financial year provided the payer showed the earlier payment as excess TDS deposited and identified the amount as an unutilised challan in the earlier quarter, allowing the prepayment to be applied when the deduction actually occurs.