Excess deduction of tds

There's no probable risk at all.  However if the case is otherwise,  then interest/penalty charges would get attracted.

The deductee would be required to claim refund of excess TDS made from his income while filing the return of income.

Agree with Giridhar S Karandikar
 

True there is no risk for excess deduction and the deductee can adjust the deduction against tax payable or claim refund. But, it does put the payer/deductor in a poor light. The deductee can also initiate a legal suit as the terms of agreement/contract is not complied with. The cash flow of deductee gets affected. It might have a bearing in the business relationship of the two entities.

Regards,

how can deductor return the excess amt to teh deductor. TDS once deposited to Govt Accounts can't be refunded back otherwise than by way of claiming Refund by filing return.

Can You please let me know how deductor can refund the money to the deductee?

there is one way of claiming refund by filling return

Dear Giridhar,

The excess TDS deposited will be refunded by the ITD to the Deductor after processing the Quarterly TDS Statement filed by the Deductor. You may please refer Section 200A for the same.

Regards

Rakesh

Excess Deduction of TDS can Refund from the Income tax Deppt.  you can ITR file to get refund.

Thanks

Regards

Ramanuj

I know about that.  There was an post made by an CA that the amount will be requried to be refunded by the deductor to the deductee, that's why I had asked the CA about the procedure of how to claim the amt from teh deductor but that post is now deleted I think. I dont that the deductor will refund the excess amt, as the deductee will be required to claim it only by way of filing a return

My query is that I have deducted TDS under Sec.194J & 194C Rs.10000/-(Total Rs.20000/-) But the payment for the same has been made combinedly under Sec.194C only Rs.20000/-. My Quesrtion is that what is remedy available with me for the same and i have made epayment for this amount. can i show 194c's challan under sec.194j in tds return or not?

Please reply asap