Advance tax and TDS

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CA Nitesh (Querist)
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13 September 2010 One of my client has erroneously paid advance tax amount in TDS challan. Whether any option for refund?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 September 2010 It may not possible, adjust payment with your further TDS liability. pay Advance tax again with correct challan

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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14 September 2010 agreed with Mr. Ramesh, It is better to adjust payment with future liablity and pay advance tax

VINOD ARORA

VINOD ARORA (Expert)
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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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