TDS

This query is : Resolved 

20 April 2010 Sir,

One of my employee paid Excess TDS for 192B
to the Income tax department than neccessary

can it adjust to the next year tds 192B


20 April 2010 NO. YOU CANT.
YOUR EMPLOYEE WILL CLAIM THE EXCESS TDS AS REFUND.

20 April 2010 AGREED WITH SANJAY JI.

EXCESS TDS PAID CREDITED TO ANY EMPLOYEE AND HE WILL CLAIM REFUND.

20 April 2010 It can not be adjusted in any manner. Employee should file his/her Income Tax Return and claim Refund.
As and when Excess TDS will be refunded, you will get intrest on it.

21 April 2010 sorry sir all of you are dont understand my question
My organisation is Educational society and we are deducting TDS from employees Rs.100000(for 20 Employees) But paid in SBI bank with my society name Rs.118000/-
now my question is
above 18000/- can we adjust to society next tds payment to department


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