wrongly deposited challand

Tax queries 632 views 2 replies

dear all , ple help me

my client  wrongly deposited Advance tax challan a.y. 2008-09 through munual system ,

amount deposit in advance tax  challan but deposited tds challan.(large amount 900000/- )

any system of change my tds challan amount transfer to advnace tax challan.

Replies (2)
Originally posted by : sunilpali

dear all , ple help me

my client  wrongly deposited Advance tax challan a.y. 2008-09 through munual system ,

amount deposit in advance tax  challan but deposited tds challan.(large amount 900000/- )

any system of change my tds challan amount transfer to advnace tax challan.

 Revise your previous year return & claim refund of excess tax deposited

Dear friend

There is no system of change tds challan amount transfer to advnace tax challan.

Amount in TDS challan is deposited for the benefit of deductee, and the same is to show in TDS return, Therefore, the assessee can not get benefit of it unless it file refund claim in respect of excess payment of Tds, and another amount in respect of advance tax should be paid.

However no such refund provision is available in respect of tds by deductor to deductor . The assessee can make an application for refund along with Quarterly return made by the assessee relating to such payment .

Also wait for more reply


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