Reg - tds excess payment

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SARGUNAN

MBA

48 Points Joined February 2014

Dear Sir / Madam, we have paid the excess tds Payment in FY 2014-15 (Dec-15). But we have not adjusted subsequently. Can we adjusted agst current payment (FY-2016-17). we request to clarify. Regards, S. SARGUNAN

Replies (1)

Venkatesh R Prabhu

136 Points Joined January 2009

In case of excess tds payment and it is discovered by the deductor beyond the financial year concerned , such claim can be made to the Assessing officer tds concerned. However no claim of refund can be made after two years from the end of the financial year in which tax was deductible at source.