Tds wrongly deducted u/s 194j

Pass on Rs 80000 to Deductee who is actual owner of that excess deduction. then claim refund by revising the TDS Return.

Hi Sanjeet,

Thanks for your reply but It was wrongly deducted so that we can not give credit to that party and we already filled revised return for the same, So I need proper solution in this regard.

 

if you have revised your tds return and given credit to the deductee of 40000 only. then you have two options for the excess tds deposited... first, utilise the excess amt for tds liab. in future periods... second, login to tds cpc website and claim refund of excess tds paid.... i will suggest option 1.

This is pertaining to last Qtr of FY-2013-14 hence my question is that still we can take credit in future Qtrs if not please suggest how we can claim (procedure) from TDS CPS.