Advance tax and TDS
This query is : Resolved
13 September 2010
One of my client has erroneously paid advance tax amount in TDS challan. Whether any option for refund?
13 September 2010
It may not possible, adjust payment with your further TDS liability. pay Advance tax again with correct challan
14 September 2010
agreed with Mr. Ramesh, It is better to adjust payment with future liablity and pay advance tax
14 September 2010
Of course refund may be obtained for TDS excess paid or erroneously paid by the deductor/assessee. However as a practical measure, it is advisable to adjust so paid amount against future / further TDS liabilities to avoid hassles/time leg in getting TDS refund.
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