Practice
425 Points
Posted on 21 November 2013
Acc. to Circular No. 385, credit of the excess payment can be claimed in the quarterly statement of TDS of the next quarter during the financial year i.e. Q3 of FY 13-14 provided you have not issued Form 16A to the landlord/deductee n he doesn't claim it as his tax credit and it was a genuine mistake. Such claim has to be made to the concerned AO(TDS) n the above three conditions have to be established before him. The following link elaborates it further :
https://blog.tdsman.com/2013/02/procedure-for-refund-of-excess-tds-deducted-paid/