excess deposit of interest on tds adjusted in next quarter
This query is : Resolved
PURBI CHAND
(Querist)
27 January 2011
I have excess deposited interest on tds in quarter 3rd.can I excess amount adjustd in 4the quarter.
sorry for poor english
sorry for poor english
27 January 2011
Normally its not allowed.
But even then you can do so. Once any notice or letter is received from the ITO, you can explain then the exact position.
But remember... adjustment should be done for similar section & for similar type of deductee.
But even then you can do so. Once any notice or letter is received from the ITO, you can explain then the exact position.
But remember... adjustment should be done for similar section & for similar type of deductee.
Guest
Guest
(Expert)
27 January 2011
If you deposited excess TDs or interest, you will get refund if you have fully disclosed in your TDS return
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