TDS Salary Excess Payment Adjustment-How

This query is : Resolved

CA.Madhavan (Querist)
Follow

16 November 2009 Dear experts ,
We have paid Salary TDS for a month in excess amounting to Rs.6500.we have not paid any tds-Salary there after hoping to set off with this later.later on filed return specifying this excess as Others in break down sheet.

Now we have crossed the limit of excess payment.This month we have paid the short fall.(TDS -Excess payment)

what should we do with filed return....should we file a revised one or cancel -put new one.
what is the limit for TDS return of salaries.can it be revised any time during the FY.Advice

CA Deepak S

CA Deepak S (Expert)
Follow

17 November 2009 TDS from salary is normally deducting on the basis of estimation. Therefore I think you can very well adjust the excess amount paid earlier. In my opinion, you have to revise the orginal return and show the full amount deducted in the amount deducted column.