Tds excess deposited
This query is : Resolved
22 August 2012
hi,
can tds excess deposited by refunded or adjusted in next qtr
can tds excess deposited by refunded or adjusted in next qtr
22 August 2012
CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011
The excess payment to be refunded would be the difference between:
(i) the actual payment made by the deductor to the credit of the Central Government; and
(ii) the tax deductible at source.
In case such excess payment is discovered by the deductor during the financial year concerned, the present system permits credit of the excess payment in the quarterly statement of TDS of the next quarter during the financial year.
In case, the detection of such excess amount is made beyond the financial year concerned, such claim can be made to the Assessing Officer (TDS) concerned. However no claim of refund can be made after two years from the end of financial year in which tax was deductible at source.
The excess payment to be refunded would be the difference between:
(i) the actual payment made by the deductor to the credit of the Central Government; and
(ii) the tax deductible at source.
In case such excess payment is discovered by the deductor during the financial year concerned, the present system permits credit of the excess payment in the quarterly statement of TDS of the next quarter during the financial year.
In case, the detection of such excess amount is made beyond the financial year concerned, such claim can be made to the Assessing Officer (TDS) concerned. However no claim of refund can be made after two years from the end of financial year in which tax was deductible at source.
Message likes :
1 times
22 August 2012
yes it can be adjusted in nest quarter..
23 August 2012
hi all
pls tell me what is the procedure to claim the credit in next month whether system will accept bchallan for back date
also tell me the procedure for refund the same
pls tell me what is the procedure to claim the credit in next month whether system will accept bchallan for back date
also tell me the procedure for refund the same
27 July 2025
Hey! Here’s a clear summary on **excess TDS deposit — adjustment and refund procedures**:
---
### 1. **Adjustment in Next Quarter**
* If you discover excess TDS payment **within the same financial year**, you **can adjust** the excess amount against your TDS liability in the **next quarter**.
* While filing the next quarter’s TDS return, enter the details of the excess tax deposited (with challan details).
* The system will allow you to **adjust** the excess amount against future TDS dues.
---
### 2. **Refund Procedure**
* If excess payment is discovered **after the financial year** is over, you **cannot adjust** it in the next quarter (since that year is closed).
* You need to file a **refund claim** with the Assessing Officer (TDS) of your jurisdiction.
* **Important:** You must file the refund claim **within 2 years** from the end of the financial year in which the TDS was deducted.
* You will need to submit the refund claim along with:
* Details of challan(s),
* Proof of excess payment,
* Copies of TDS returns filed.
---
### 3. **Regarding Back-Dated Challans**
* The system may or may not accept challan entries with a back date while filing returns.
* Usually, when adjusting excess TDS, you enter the original challan details (date, challan number).
* If the system rejects the back date, you should contact the **TDS NSDL helpdesk** or your software support for guidance on how to enter the excess amount adjustment.
---
### Summary of Circular Reference
* **Circular No. 2/2011 dated 27-Apr-2011** covers this procedure.
* Excess TDS discovered **within FY** = adjustment in next quarter allowed.
* Excess TDS discovered **after FY** = claim refund from AO within 2 years.
---
If you want, I can help draft the refund application format or help with the adjustment entries in the return.
---
**Need help with software entry or refund letter?** Just ask!
---
### 1. **Adjustment in Next Quarter**
* If you discover excess TDS payment **within the same financial year**, you **can adjust** the excess amount against your TDS liability in the **next quarter**.
* While filing the next quarter’s TDS return, enter the details of the excess tax deposited (with challan details).
* The system will allow you to **adjust** the excess amount against future TDS dues.
---
### 2. **Refund Procedure**
* If excess payment is discovered **after the financial year** is over, you **cannot adjust** it in the next quarter (since that year is closed).
* You need to file a **refund claim** with the Assessing Officer (TDS) of your jurisdiction.
* **Important:** You must file the refund claim **within 2 years** from the end of the financial year in which the TDS was deducted.
* You will need to submit the refund claim along with:
* Details of challan(s),
* Proof of excess payment,
* Copies of TDS returns filed.
---
### 3. **Regarding Back-Dated Challans**
* The system may or may not accept challan entries with a back date while filing returns.
* Usually, when adjusting excess TDS, you enter the original challan details (date, challan number).
* If the system rejects the back date, you should contact the **TDS NSDL helpdesk** or your software support for guidance on how to enter the excess amount adjustment.
---
### Summary of Circular Reference
* **Circular No. 2/2011 dated 27-Apr-2011** covers this procedure.
* Excess TDS discovered **within FY** = adjustment in next quarter allowed.
* Excess TDS discovered **after FY** = claim refund from AO within 2 years.
---
If you want, I can help draft the refund application format or help with the adjustment entries in the return.
---
**Need help with software entry or refund letter?** Just ask!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- F & O Loss Audit Requirement
- Make-up ITC- Eligibility
- ITC Re-claimable Ledger
- Overtime income in salaried person case
- New tax regime and old tax regime.
- Rectification of error U/s 154
- Regarding GST applicability on RWA
- BUSINESS +STOCKS
- RCM invoice related QRMP
- Upload Verification Error ITR 3 AY205-26
- GST registration /aadion a new place of business in the same state and city
- CSR Applicability FY 2425
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
- Guidance for proper GST accounting (eway bill with correct valuation) for cut-to-pack job work given
- GST Treatment multiple delivery services
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
