Excess tds paid.

This query is : Resolved

CA. Afjal Y Hamirani (Querist)
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31 March 2013 my father deducted various party TDS and same deposited.. but by mistake deposited excess of required
Now what can i do for getting back the same..?

CMA RAVI

CMA RAVI (Expert)
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31 March 2013 You can simply submit form 16A to the vendor or contractor showing the excess tds amount deducted and deposited and claim refund..

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 March 2013 Excess TDS paid can be adjusted against return of Next Quarter. Enter Same challan details and enter deductee entry only against excess amount deposited.

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CA. Afjal Y Hamirani

CA. Afjal Y Hamirani (Querist)
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01 April 2013 That tds will be of last quartet of Assessment year 2012-13. But can i do that my brother who have pan number against them i file dummy entry in tds revise statement & give credit to the same excess tds and after ward filling income tax return & take it back as refund.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 April 2013 Yes you can do so but your brother will also have to show the income in his return while claiming the refund of TDS.

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