excess tds payment adjustment

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Bharani (Querist)
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02 January 2013 Hi ,

If Tds payment Excess of Rs 150000 (94J ) Paid for the Oct 2012 can it be adjust in dec 2012 . if the tds payable for Dec2012 is only Rs 30,000 . what is the treatment for balance Rs 1,20,000.

How to File E Tds Return .for the ( Oct - Dec ) with Reference to the above subject

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 January 2013 The credit standing in reference the challan may be utilised to adjust the future liability till 31.03.2013 by mentioning the challan No, date, amount and other particulars, as required.
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The excess TDS remains even thereafter,if any, will be refunded by the department after processing your e-tds returns for the AY 2013-14.
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