Excess TDS Payment, Income Tax

[RAJENDRA JOSHI]

Dear All,

I had a TDS liability of Rs 4000 for March 13 but I wrongly deposited  Rs 40000 in govt treasury.

Why filling my TDS return for Q4, I have shown Rs 40,000 as payment against liability of Rs 4000.

My query is, How claim this excess payment of Rs 36,000 or how to adjust in return for 13-14.  

Thanks in advances,

R P Joshi

Posts / Replies

[rosy sachdeva]

Dear Sir

While filing e TDS return ,we have to fill details of TDS deposited.There is a facility  of  filling details of excess TDS deposited .Amt unutilised say Rs 36000 in this case can be carried forward for next qtr

This adjustment is possible for same financial year

 

[RAJENDRA JOSHI]

Thanks a lot for your valuable reply,

In my case, I have deposited excess TDS for the month of March ie last quarter.

As per your opinion, I can not adj the same in next F Y . Is there any other option, whereby I can adj this amt or claimed it as refund.

Regards,