Excess tds deposited

This query is : Resolved

GauravJ (Querist)
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18 July 2014 Can an assessee use unavailed TDS deposited in next quarters?

Say, Mr A deposited 10000 instead of 1000 erroneously , now Can he avail the balance unused TDS credit i.e. 9000 in succeeding quarters. otherwise what are the options available to assessee so as to get the funds back.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2014 yes it is allowed to do so...........................

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 July 2014 No. You can not. If you do return will not validate because date of deposit will be before the date of deduction.

You need to submit request for refund online in form 26B.

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GauravJ

GauravJ (Querist)
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19 July 2014 Thanks Sanjay and Tushar for posting your replies

but sorry to say but both of your replies are contrasting:(

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 July 2014 Check the etutorial from below link--

http://contents.tdscpc.gov.in/docs/e-Tutorial%20-%20Refund.pdf

Also you can login at traces and check out yourself.

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