Adjustment of excess payment of tds

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Dear All

one my colleague deposit excess tds u/s 194A in the fy 2014-15 can i adjust it from other section i mean can i adjust it from sec 194J

 

plz suggest me

 

Replies (10)

Yes you can adjust

Excess TDS deposited in one section can be adjusted in another section after FY 2012-13. So in your case it can be adjusted.

Dear frnd u have any supporting....we adjest another section also....
yes,u can...adjust from 194J
Yes u can adjust against section and also different oeriod
Yes u can adjust against other sec

can you plz mention the notification as few of my friend told me that it cant adjust from another section i can claim for refund

While cross verification of TDS challan & return, only following points are verified.

1) Financial year ( However one challan can be used for two consecutive  FY.)

2) BSR Code.

3) Challan Identification number

4) Amount

5) Minor code ( 200 /400)

It means the section under which payment made is not verified by the dept.

Therefore you can adjust the TDS payment for other section too. There will be no any query.

This is practical experience & am sure about it.

yes pls check Traces website notification published in the month of sep14 regarding to adjustment against excess payment of tds
I tried the same it works

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