tds

This query is : Resolved 

14 April 2010 Interest of Rs.15500/- credited on 31.3.2010 TDS of Rs.1550/- was deducted u/s 194A. A sum of Rs.1550/- + Rs.1500/- deposited in April in one/two challans. How can the excess be adjusted/refunded?

14 April 2010 excess TDS Paid can be adjusted against tax payable by the assessee. however if the tds amount is exceed the tax payable by the assessee then balance will be refundable to the assessee.

thare is no hard and fast rule of firs come first adjusted.

your both payment is credited against your PAN No. and will be refundable after adjusting the tax payable by you for same assesment year.



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