Excess payament of tds

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dilip dedhia (Querist)
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17 May 2016 I had wrongly paid excess TDS in one Section Code & I had selcted wrong code for nate of Payemt as as I had selctied 400 - TDS/TCS Regular Assessment insted off (200)TDS/TCS Payable by Taxpayer . Now my question is can I adjsted excess TDS in Current F.Y. in any Secation Code & any quarter or can I adjsut excess TDS in Next Financial Year i.e 2016 - 2017 Year & what abput Type Of Payment code whihc I had selcted wrong . If I can adujst then is there any letest circular of income tax please let me know

Amol S Joglekar

Amol S Joglekar (Expert)
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18 May 2016 the better course of action could be to visit the Assessing Officer of your jurisdiction and ask/request him/her to EDIT the same. The editing rights are given to the Assessing Officers.

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