Excess TDS Paid to Govt. by Company

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nitin (Querist)
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28 May 2009 Is it correct if company adjust the excess TDS (92B)(of FY 08-09)amt paid to Govt in Fy 2009-10 against the TDS(92B) amt payable in FY 09-10.
e.g.
Excess TDS Paid Rs 8000 in FY 08-09
TDS Payable In FY 09-10 RS 18000
Paid before due date Only RS 10000.

VINEESH KHANNA

VINEESH KHANNA (Expert)
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28 May 2009 I think you can not adjust between the two different financial years

CA Binal Shah

CA Binal Shah (Expert)
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29 May 2009 Hello, Gud Morning
The assessee can not adjust excess TDS paid in one F.Y. against TDS liability of other F.Y, The only way is to claim refund for excess TDS paid in that particular F.Y. and in the following F.Y. the assessee is under obligation to pay full amt. of TDS liability.

CA.BHARAT BHUSHAN

CA.BHARAT BHUSHAN (Expert)
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31 May 2009 No such adjustments can be made

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