TDS EXCESS PAID
Querist : Anonymous
BY OVERSINGHT I HAVE PAID RS 25000 EXCESS PAID IN 94I RENT ON 7-MARCH -2011. AND THE FY 2011 IS OVER .
CAN EXPLAIN WHO TO GET REFUND PL EXPLAIN THE PROCESS OF IT
OR CAN GET ADJ IN NEXT F.Y
https://www.itatonline.org/info/index.php/cbdt-circular-on-procedure-for-refund-of-excess-tds-deducted-paid/
Querist : Anonymous
CA MANOJ GUPTA'
JODHPUR
09828510543
Querist : Anonymous
---
### 1. **Excess TDS Paid After FY End**
* Since you paid excess TDS on **7-March-2011**, and the **FY 2010-11 is over**, you **cannot adjust** this excess in the current FY’s next quarter.
* Instead, you have to **claim a refund** of the excess amount from the Income Tax Department.
---
### 2. **Section 200A — Processing of TDS Statements**
* When you file your TDS returns, the TDS system processes your statements under **Section 200A**.
* During this processing, if the system finds **excess TDS deposited** (more than tax deductible as per returns), it **automatically generates a refund**.
* This refund is credited to the bank account linked with the TAN or paid via cheque.
---
### 3. **What You Need to Do**
* **File your TDS returns properly:** Make sure your TDS return (Form 24Q/26Q/27Q etc.) for the relevant year is filed with correct challan and deduction details.
* **Check your Form 26AS:** This is the consolidated TDS statement showing all credits.
* **If the refund is not processed automatically:**
* You can approach the Assessing Officer (TDS jurisdictional officer) with a refund application.
* Attach proof of excess payment and TDS return copies.
* Request refund of excess TDS.
---
### 4. **Refund Application Process**
* Submit an application in writing to the AO (TDS) with:
* TAN number,
* Details of excess payment (challan no., date, amount),
* Copy of TDS return filed,
* Copy of Form 26AS showing credit,
* Bank account details for refund.
---
### 5. **Can You Adjust Refund in Next FY?**
* No, you **cannot adjust the excess TDS paid in previous FY against next FY's TDS liability**.
* Adjustment of excess TDS in next quarter is only allowed **within the same financial year**.
---
### Summary:
| Situation | What to Do |
| ----------------------------------- | ---------------------------------------------- |
| Excess TDS discovered during FY | Adjust excess in next quarter’s TDS return |
| Excess TDS discovered after FY ends | Claim refund from AO (Section 200A processing) |
---
If you want, I can help draft a refund application or guide you through the TDS return filing with refund claim.
---
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