Tds wrongly deducted @ 10% and paid instead of 2% of qtr.2

This query is : Resolved

Brijesh Pandey (Querist)
Follow

20 October 2014 Dear Sir,
I have wrongly deducted TDS @ 10% and paid thru challan and also return of the same qtr. has been filed of which the rate of TDS is 2% u/s 194C. As i have already make payment for the same and also return has been filed for the same, then how can i adjust the excess amount in subsequent month/quarter for payment/filling return.

Please help me in this regard and also define the steps to file the return of the next qtr after adjusting the same.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

20 October 2014 Revise TDS return with correct rate and adjust the excess payment in the next quarter.

@VaibhavJ

@VaibhavJ (Expert)
Follow

20 October 2014 You can adjust excess TDS paid in subsequent period, refer :

http://www.simpletaxindia.net/2013/09/deductor-can-adjust-excess-tds-in-next.html