Excess amount deposit in 234E

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This query is : Resolved

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If you've accidentally paid an excess amount for TDS under section 234E, you can adjust this overpayment against other TDS heads like 94C or 94I. The key is to utilise the excess amount by furnishing the relevant challan details when filing your next TDS return. The section specified on the challan won't restrict its adjustment against other heads during the return filing process.

Avinash Papal

Avinash Papal (Querist)
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04 May 2020 I have deposited excess amount of rs.346000 in 234E while paying TDs of under the head 94J,can it will be adjust in another head like 94C,94I in basic tax of tds or any option.please guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 May 2020 Yes, you can adjust in another head like 94C,94I in basic tax of tds.

Avinash Papal

Avinash Papal (Querist)
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05 May 2020 at the time of TDS return? or any procedure for this?please explain sir

Avinash Papal

Avinash Papal (Querist)
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05 May 2020 Due to some clerical error while making the payment of TDS the payment of Rs.346613 u/s 234E was made unnecessarily. Actually there was no liability u/s 234E. can I recover such amount from Income Tax Deptt. & how? Details of Payment are as under : **PAYABLE** Basic Tax Rs. 338986 Interest Rs. 7627 Other Rs. 0 Fee under Sec 234E Rs. 0 Total Amount Rs. 346613 **Actually Paid** Basic Tax Rs. 338986 Interest Rs. 7627 Fee under Sec 234E Rs. 346613 Total Amount Rs. 693226.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2020 At the time of filing TDS adjust the excess by furnishing challan No. In next TDS return till it's exhausted.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2020 Section mentioned in the challan will not be relevant while filling the return.

Avinash Papal

Avinash Papal (Querist)
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05 May 2020 thanks sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 May 2020 Welcome..................
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