TDS

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Badarinath (Querist)
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22 September 2009 Excess Paid TDS u.s 194 C during a financial year, whether such excess payment can be adjusted aganist short payment done under section 194J. If it is not possible to adjust, what is the procedure to get back the excess payment. Please guide

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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22 September 2009 In my view Yes you can but you have to inform the ITO.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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22 September 2009 If the excess is comprised of a separate challan, you can apply to the AO(TDS) to carry out rectification in the section code.

Whether amount comprised in a single challan can be bifurcated into amounts under two or more codes is dobutful.

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Gokul

Gokul (Expert)
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22 September 2009 U can adjust the excess payment u/s 194C against short payment u/s 194J, for that purpose u should file revised return for that period.