Dear Sir,
I have paid excess TDS on Salary of Rs. 63000 in the Assessement Year 2010-11,
Can I adjust this excess amount in the Assessement Year 2011-12.? Pl advice.
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Excess TDS paid
Replies (2)
If the excess amount is paid by a separate challan and the date is post 01.04.2010, you can apply to the AO to rectify the Assessment Year.
Else you have 2 options.
1. Issue certifivate for the excess amount to the employees and let them claim refund in their indivisual assessment.
2. Apply for refund to your Assesing Officer(TDS)
As in ur TDS return u have already shown the excess TDS deducted for particular employee, let him issue the certificate as u had already deposited the TDS to the Govt. & he can calim the TDS thorugh his Income Tax Return
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