Adjustment of excess tds deposited in march

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Ameya Kulkarni (Querist)
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07 May 2014 Can the excess TDS deducted and deposited u/s 192 in March (i.e. Q4) of the Financial year be adjusted in the subsequent period (i.e. in Q1 of the subsequent financial year)?
I spoke with the TDS-CPC Call center and they confirmed it can be made but the person was not sure about it himself.
I request the experts to help with the relevant Circular / Notification of the IT Department.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 May 2014 within a financial year is easy. but inter-year can be an issue. I would suggest that you file Form 26B to claim refund of excess tds deposited.

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