Tds excess deducted

priya jain (student) (159 Points)

06 May 2013  

In case any deductee submit his PAN during the year then TDS deducted in previous quarter could be adjusted in last quarter? For exp: In sep Interest paid rs 15357 and TDS deducted on it 3071 @ 20% as PAN not available but before march PAN submitted by deductee so at the time of payment of interest for March TDS was adjusted by the deductor @ 10% what should be the treatment in TDS return of march? Please suggest. Thanks in advance.

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