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Excess TDS paid

This query is : Resolved 
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(Querist)
02 May 2009 Suppose a company makes some interest payments for unsecured loans on which the company regulary deduct TDS every month.

If excess TDS has been made for during any finacial year (say 08-09). Can we adjust the excess Tds paid in next financial year say 09-10 by paying less TDS in 09-10. please comment.

If no, What is the other way to recover the excess TDS paid during that financial year.

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Tushar Yerawar

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Tushar Yerawar (Expert)
02 May 2009 You cannot adjust the TDS that is paid in excess. You can only claim refund of excess payment.
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Monil Shah

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Monil Shah (Querist)
04 May 2009 But what is the procedure of taking the Refund
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