02 May 2009
Suppose a company makes some interest payments for unsecured loans on which the company regulary deduct TDS every month.
If excess TDS has been made for during any finacial year (say 08-09). Can we adjust the excess Tds paid in next financial year say 09-10 by paying less TDS in 09-10. please comment.
If no, What is the other way to recover the excess TDS paid during that financial year.
CAclubindia
