Unused Challan value can be used for future quarters/ financial years

Unused Challan value can be used for future quarters/ financial years

Unused tax paid in a challan can be used in the remaining quarters of the current financial year and can also be carried forward to the next year. For Example unused tax payment in Q1 of FY16-17 can be used for payment of TDS for Q2, Q3 and Q4 of FY 16-17 and if required also in FY 17-18 and beyond.

Also unused tax paid in a challan can be used for paying the TDS defaults of previous periods. For example the unused amount paid in Q1 of FY 16-17 can be used for any old pending TDS payment.

Same Payment Challan can be used for TDS under different Sections/ Heads

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3 thoughts on “Unused Challan value can be used for future quarters/ financial years

  1. kinariwala hemant

    Also unused tax paid in a challan can be used for paying the TDS defaults of previous periods. For example the unused amount paid in Q1 of FY 16-17 can be used for any old pending TDS payment.

    what was processdone for useing such challan for previous demand pl guide

    Reply
  2. Vanapalli Sateesh

    Can we add deductees to the revised return if a challan has unused tax. Please Assist me. CPC Rejected the revised return saying that there are non updatable challans. Please help

    Reply

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