10 July 2012
MY QUERY IS IN F.Y. 2010-2011 WE WRONGLY DEPOSITED TDS OF RS. 5,00,000 U/S 194I WHILE THERE WAS A LIABILITY OF RS. 50000 ONLY. I AGAIN DEPOSITED RS. 50,000/- AND PREPARED AN APPLICATION FOR REFUND OF RS. 5,00,000/- I SEVERAL TIMES VISITED THE INCOME TAX DEPTT FOR GETTING THIS REFUND BUT NOT YET GOT THE SAME. NOW ASSESSING AUTHORITY SUGGESTED ME TO ADJUST THIS AMOUNT WITH THE CURRENT F.Y. 2012-12 ONWARDS IS IT POSSIBLE CAN RS. 5,00,000/- BE ADUSTED. PLEASE CONFIRM REGARDS SUBHASH SHARMA
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