TDS refund
This query is : Resolved
Gaurav Hirawat
(Querist)
27 April 2010
Hi,
My company accountant deposited Excess TDS on interest amount in government account.
Is there any procedure to refund excess amount deposited.
My company accountant deposited Excess TDS on interest amount in government account.
Is there any procedure to refund excess amount deposited.
27 April 2010
it can be adjusted against company's tax liability at the end of financial year. The only procedure to claim back excess payment is filing return
Gaurav Hirawat
(Querist)
27 April 2010
In which section of Income Tax we adjust excess amount and what is the procedure
27 April 2010
YOU CAN ADJUST THE EXCESS DEDUCTION UNDER THE SAME HEAD IN THE SAME FY. IF YOU ARE UNABLE TO ADJUST THE SAME YOU SHOULD WRITE A LETTER TO YOUR TDS ASSESSING OFFICER INFORMING HIM ABOUT THE EXCESS PAYMENT AND ASKING FOR REFUND.
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