excess deposit of interest on tds adjusted in next quarter

This query is : Resolved 

27 January 2011 I have excess deposited interest on tds in quarter 3rd.can I excess amount adjustd in 4the quarter.

sorry for poor english

27 January 2011 Normally its not allowed.

But even then you can do so. Once any notice or letter is received from the ITO, you can explain then the exact position.

But remember... adjustment should be done for similar section & for similar type of deductee.

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Guest (Expert)
27 January 2011 If you deposited excess TDs or interest, you will get refund if you have fully disclosed in your TDS return




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