Excess payment of TDS, whether adjustable in next month ?

Amit (Service) (457 Points)

02 June 2008  

We have made excess payment to bank by Rs. 1,000=00 for TDS u/s 194C in the month of April '2008.

My question is whether we could adjust such excess payment against tds liability u/s 194C arose in May ' 2008 ?

If yes, while filing quarterly return, what specific changes I need to do while updating the spreadsheet 26FormQ1 ?

Please advise