TDS payment is made twice

This query is : Resolved

HITESH KHONA (Querist)
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01 July 2009 Dear All,

TDS payment has been made twice but it has been deducted only once from the party. So now what is the soluion for this ??

Regards
Hitesh Khona

chetan soni

chetan soni (Expert)
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01 July 2009 Can have two options,

1. Check whether party is ready to pay the amount back & you can give them excess credit.
2. Let the excess payment be there you can claim this as refund from TDS Range AO.

Venkat Rao Marella

Venkat Rao Marella (Expert)
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01 July 2009 If the amounts paid twice pertain to the same financial year, you can adjust that excess payment in the return.

If not, you need to approach TDS circle for getting refund.

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CA Manish Sharma

CA Manish Sharma (Expert)
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01 July 2009 The excess TDS paid is first adjusted against the existing liability of the deducter under any of the Direct Tax Acts and after meeting such liability the balance amount is refunded to the Assessee.

chetan soni

chetan soni (Expert)
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01 July 2009 yes, you all are right but is assume this is only only liability for the f.y.

taxindiaconnect

taxindiaconnect (Expert)
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16 July 2009 I am not aware of any situstion where the excess TDS paid by the deductor can be adjusted against the Income tax payable by the deductor. If you have any instance / circular to this sort, please let me know.