12 January 2012
hi, i need ur help.... one of our client deposit RS 600000 as TDS for the m/o december 2011 instead of Rs 60000. now they have to file their quarterly return before 15 january. Please advise how do we get back excess RS 540000.
13 January 2012
Excess payment can be adjusted against the payment of subsequent month in same qrt or next qurts.Unadjusted balance is lapsed. However in your case since the amount is high, it is advisable for you to bring this fact to the notice of ITO(TDS)before filing a return.
CAclubindia
