Excess tds payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2013 By mistakenly we have made the excess payment of TDS u/s 194I for the f.y 12-13
Can we get the refund of it or we can adjust it in the next financial year..
Please help..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 July 2013 No. you cannot adjust in different financial year, you can adjust any deductees under same financial year. otherwise apply to A.O for refund with details, he may give refund once the assessment completed

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2013 Sir, it means we have to 1st file tds return and then only we can claim the excess TDS refund from the A.O.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 July 2013 yes,. you can file the TDS return and showing excess payment in others column in challan sheet and apply with the request letter to the respective TDS circle ITO

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2013 Thank you sir.