Tds excess deducted on last financial year

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2015 i have deducted excess TDS in the last financial year now new financial year what should be made whether we can adjust from next bill or other step have any please mention.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 May 2015 Incase you have not paid the TDS yet, you can refund the money to deductee, if you already paid the TDS also, then issue the TDS certificate for the deducted value. you cannot adjust the TDS from different financial year.