Refund of excess tds paid amount.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2013 Sir,
I want to know that ,is there any procedure to refund excess TDS payment which is paid wrongly.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 July 2013 you can adjust with next month deduction with in financial year. incase unable to adjust need to apply with your ITO tds circle to refund with complete details

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Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2013 But i have paid it for last qtr.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 July 2013 even different quarter with in the financial year. you can adjust. last quarter means April-June quarter so you ca adjust in July-Sep quarter

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2013 Last Qtr. Means Jan-Mar.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 July 2013 Then you cannot adjust in next quarter, need to apply to ITO - tds circle for refund with all the details. ITO may refund after completing the assessment process

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