IS THERE ANY PROCEDURE TO GET REFUND OF TDS EXCESS DEPOSITED TO THE GOVERNMENT????????
OR IS IT POSSIBLE TO GET IT ADJUSTED IN THE NEXT MONTH????/
CA. Shikha (Chartered Accountant) (4143 Points)
17 May 2008IS THERE ANY PROCEDURE TO GET REFUND OF TDS EXCESS DEPOSITED TO THE GOVERNMENT????????
OR IS IT POSSIBLE TO GET IT ADJUSTED IN THE NEXT MONTH????/
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 17 May 2008
If it is to the same party within the same year within the same category. Yes.
Otherwise you can petition for refund of excess. But if you have issued the certificate already petition can not be made.
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