22 February 2010
Question Details: If i wrongly deposited excess tds for the m/o sep.09 u/s 194I. Can i adjust excess deposit of TDS and which sec. and time period of adjustment. And what is the Procedure for same.
22 February 2010
Yes. You can adjust the excess tds paid u/s.194I in the subsequent quarter (It should be in the same financial year) under the same section.
Procedure : You should pay less amount of TDS to the extent you have paid excess. At the time of filing of quarterly return, you can show the payment of previous quarter(which you have paid excess).
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