EXCESS PAYMENT OF TCS

This query is : Resolved

Jayesh Jagetiya (Querist)
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27 April 2009 Dear Friends,

While making E payment of TCS of Q4 for the F Y 2008-09 by mistake we have paid TCS more than the actual.

How can we adjust the same?

Can we adjust the same against the payment for Q1 F Y 2009-10?

or

Can we get refund of the same?

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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27 April 2009 Better to set it off against companys future dues.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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27 April 2009 You cannot adjust from one quarater to the other. But you can write to the TDS officer for refund of the same. However presently the excess paid refund procedures are not properly laid down and therefore it will take much time.