TDS Certificate for excess amount

This query is : Resolved

Srinivasan Arun (Querist)
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22 July 2008 If a TDS Certificate is issued for an excess amount, what should be the course of action available with the Company?

For eg: Company has deducted Rs 10,000/- and deposited the same but issues certificate for Rs 12,000 by mistake.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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22 July 2008 The deductee may be contacted and fresh TDS Certificate be issued by cancelling the wrong one.The credit for the same will not be given by the Income Tax Department to the deductee. In case, the return has been filed by the deductee and the TDs of Rs 12000 has been claimed on the basis of the TDS Certificate, then the deductee may be asked to get his return revised.

Srinivasan Arun

Srinivasan Arun (Querist)
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22 July 2008 Thanks.
1. Fresh certificate will be issued as "Revised" ?

2. If the Deductee is not contactible in person ( i.e if there are no of such cases and they are well spread out), what is the remedy? Can the fresh certificate be issued by registered post?

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CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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22 July 2008 No, it i advisable that the deductees should be contacted and fresh certificates should be given.