17 August 2013
Is there any provision for the adjustment of excess interest paid on tds. can we adjust the excess interest paid in the next month of the same quarter. I had paid 7000/- interest on late payment of TDS instead of 5000/-/ for april month, can i adjust the excess interest of 2000/- in next may month whose interest liability is 6000/-. if yes can you please help me with the provisions of it.