Already paid (excessively) tds shall be refundable?
This query is : Resolved
CHANDRASEKARAN
(Querist)
05 February 2016
Dear sir
We paid TDS excessively for one particular deductee in first quarter and filed quarterly returns accordingly.Now actual TDS is lesser than the TDS what we paid into bank.In this case we shall file revised return for first quarter.My query is that the excessive paid TDS shall be refundable? or adjustable in any quarter within the same financial year?.If it is ok what will be the procedure to be followed?
We paid TDS excessively for one particular deductee in first quarter and filed quarterly returns accordingly.Now actual TDS is lesser than the TDS what we paid into bank.In this case we shall file revised return for first quarter.My query is that the excessive paid TDS shall be refundable? or adjustable in any quarter within the same financial year?.If it is ok what will be the procedure to be followed?
CA. Divyansh Agarwal
(Expert)
05 February 2016
U can use the same challan for non adjusted portion for any quarter for same fy
CHANDRASEKARAN
(Querist)
05 February 2016
sir,
For the same deductee or unadjusted portion can be set off against any other deductee?
For the same deductee or unadjusted portion can be set off against any other deductee?
CA Harish Suwalka
(Expert)
06 February 2016
Any other deductee in any other quarter in same FY
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