TDS paid in excess of TDS deducted

Easiest would be, you can claim from vendor. because altimately he can avail thaat benefit while paying tax. 

Hi Anita,

Agree with Mr.Mohan, There is functanallity available over TRACES for applying refund of TDS, Subject to no TDS default is lying over TRACES on your TAN. However ,make it simpllly, you could adjust excess amount aginst your subsequent TDS liabilty.

The easiest way is that the excess amount to be adjusted against subsequent payment.

Dont Wory,

You will taken credit in whole Financial Year as per Traces and any section your are adjusted the amount of TDS.

No subsquent settlement is possible in case other than salary.

at the time of filing of TDS return put TDS deducted 5000 and put TDS deposited 50000 when TDS return will be processed u/s 200A then u will get intimation regarding your excess tds deposited .

and request for refund online u will get it.

Yes agree with Mr Mohan & Mr Darshan option is available for TDs refund in traces but if there is default laying under TAN then refund will not happen so it's better option is u can adjust this excess paid TDS Challan  for your up coming TDS liability which comes under 195 

Similar query:

TDS of Q4 of FY 2015-16 has been paid in excess. Now can I claim that excess balance for payment of TDS in Q1 of 2016-17 as the challan will show old assessment year. Will I still get the credit or should I go for refund of TDS ? 

No issue if paid 50,000 insted of 5000,  while filing tds return give correct credit to deductee i.e. 5000,  and give challan details,  then u may use challan which has balance of 45000 in other quarter,  for tds,interest or any late fees,  if paid in fy 2015-16 then that challan can be used for fy 2014-15, fy 2015-16 or fy 2016-17,  one year plus minus allowed, may call for clarification- 9911503621

pass entry in books

tds payable- DR   5000

Excess TDS paid(current assests)- DR    45000

Bank account CR    50000