Excess TDS paid
This query is : Resolved
02 May 2009
Suppose a company makes some interest payments for unsecured loans on which the company regulary deduct TDS every month.
If excess TDS has been made for during any finacial year (say 08-09). Can we adjust the excess Tds paid in next financial year say 09-10 by paying less TDS in 09-10. please comment.
If no, What is the other way to recover the excess TDS paid during that financial year.
If excess TDS has been made for during any finacial year (say 08-09). Can we adjust the excess Tds paid in next financial year say 09-10 by paying less TDS in 09-10. please comment.
If no, What is the other way to recover the excess TDS paid during that financial year.
02 May 2009
You cannot adjust the TDS that is paid in excess. You can only claim refund of excess payment.
04 May 2009
But what is the procedure of taking the Refund
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