Overbooked (O) Entry in Form 26AS

14646 views

Save Share

Rajesh

226 Points Posted on 28 July 2020

Respected Sir/Madam,

In my Form 26AS this year I find that there's a column called Status of Booking. This is under TDS deducted for Fixed deposit Interest. Most of the entries are (F Finalized) but a handful recent entries are marked as (O Overbooked ).

What does Overbooked mean? Does it mean that the TDS is deposited by the bank from their pocket for some technical reasons and they are going to later recover the same from the account holder i.e. me in this case.

I checked the TDS amount, it is 10% and that is what was applicable in FY -2019-20.

The standard definition given in the Form 26As is bit unclear. It goes like this

Payment details of TDS / TCS deposited in bank by deductor have matched with details mentioned in the TDS / TCS
statement but the amount is over claimed in the statement. Final (F) credit will be reflected only when deductor reduces claimed amount in the statement or makes additional payment for excess amount claimed in the statement

There's a similar question on this forum, but it pertains to sell of shares way back in 2012-13 and I could not get much clarity. A simple layman's clarity shall be great to know.

Thanks and regards,

Rajesh

Replies (2)

Quick Summary

Overbooked (O) in Form 26AS means the deductor reported correct TDS in the return, but deposited insufficient challan amount or short payment to the government. It is the deductor's liability to rectify. Taxpayer is generally not at fault, but final credit appears after correction.

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 28 July 2020

Overbooked in Simple layman language is " person/company who deducted your TDS is paid less TDS amount with challan to government, but in return mentioned correct amount against your name"

Means in return statement your name with amount all are mentioned right, and that is why also correctly reflected in your 26AS ...but deductor has not paid full amount or paid short amount.

So, there is no liability on you , it's liability of deductor to pay amount which is short paid by them.

Aashok Kumar Sharma

Finance/Compliance Consultant

78002 Points Posted on 06 November 2026

To complete the explanation:

• "O" (Overbooked) means the deductor reported your TDS in its statement but the challan it linked does not have enough balance. The credit is not final until the deductor corrects it.

• CPC normally allows credit only for "F" (Final) entries, so an "O" entry may be short-credited when your ITR is processed.

• Action: ask the bank or deductor to file a correction statement (add or link the correct challan, or pay the shortfall) on TRACES.

• Protection for you: Sec 205 says that where tax was deducted from you, you cannot be asked to pay it again. CBDT Instruction dated 1 June 2015 and the Office Memorandum of 11 March 2016 direct AOs not to enforce such demands against the deductee.

• If a demand still arises, reply on the e-filing portal with "Demand not correct", attaching the TDS certificate or bank statement as proof of deduction.