Tds

Querist : Anonymous (Querist) 07 January 2012 This query is : Resolved
Respected Sir

Our company has made excess TDS payment during the FY 2011-12. The excess payment made is not deducted from any party. This has happened because wrong assessment year was selected while making the payment. Hence to rectify the error we made the payment again selecting the proper assessment year. Now will we get the refund of the amount paid?

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A V Vishal (Expert) 07 January 2012
Approach the jurisdictional A.O (TDS- Range) to get the same rectified.

Deepak Nair (Expert) 07 January 2012
Rightly advised.

Sailesh Kumar Shah (Expert) 07 January 2012
Act as advised.

Rajeev Kumar (Expert) 07 January 2012
Do as advised

Raj Kumar Makkad (Expert) 07 January 2012
Wrong assessment can be cured at anytime when error comes to light which you have already done. The excess payment shall definitely be refunded to you with interest.

Devajyoti Barman (Expert) 07 January 2012
Nothing to differ to what has been opined above.

M/s. Y-not legal services (Expert) 07 January 2012
am also agree with makkad sir..

-tom-

soumitra basu (Expert) 08 January 2012
It is better you credit the excess payment in the name of the creditor and adjust.

Sadashiv Rupchand Gaikwad (Expert) 08 January 2012
Now recently there is specail circular to get refund of extra TDS challan Deposit. For TDS knowledge always surf www.tin-nsdl.com and for taxation perfect reply your query must reach to CA club.
In this case Deductor may get back refund, by appliing first to upload eTDS return.

prabhakar singh (Expert) 08 January 2012
Act as advised.

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