Excess tds paid

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CA UMESH PRASAD (Querist)
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27 June 2013 Dear Experts,

We have received demand notice from TRACES for late filing fees u/s 234E(for 3rd Quarter of F.y. 2012-13), but in 4th Quarter of F.Y.2012-13 we have erroneously paid Rs.9500 excess TDS which we have not adjusted against any party, can we adjust this excess amount paid against late filing fees as mentioned above ?

Waiting for your replies.

Thanks

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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27 June 2013 In my knowledge there is no such mechanism with the department at present.
.
In this case the type, details and section under which excess TDS was paid greatly differs in nature from the Late Fee.
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However, the AO TDS may be contacted for the guidance though chances are less.
.

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