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excess tds paid to government

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This query is : Resolved

kamlesh (Querist)
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31 May 2011 I had paid Rs.Rs.25709/- instead of Rs. 1950/- u/s 194 c to government. The payment was related to last quarter of the F.Y 2010-2011 and there is no tds laibility against which i can set off this excess paid tds amount.
So now can i adjust excess tds paid by
Rs.23759/- against my income tax liability of the F. y 2010 - 11?
If yes than wht is the procedure?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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31 May 2011 The Excess TDS will be refunded back to you.
Just file your quarterly returns and wait for sometime.
Intimation for refund will be sent to you after processing the TDS details.
You may Refer Section 200A.

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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31 May 2011 You can not set off excess TDS paid against your tax liability.

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