In case any deductee submit his PAN during the year then TDS deducted in previous quarter could be adjusted in last quarter? For exp: In sep Interest paid rs 15357 and TDS deducted on it 3071 @ 20% as PAN not available but before march PAN submitted by deductee so at the time of payment of interest for March TDS was adjusted by the deductor @ 10% what should be the treatment in TDS return of march? Please suggest. Thanks in advance.
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Tds excess deducted
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Adjust the amount and if excess amount is lying the its should be shown a REFUND for the same...
Kindly do not complicate the things. The Transaction of Sep Month is a Settled Transaction and it cannot be changed.
In case of higher Deduction of Tax at Source, just claim the Refund from the IT Dept. by filing your IT Returns.
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