TDS adjustment procedure requires fee computation under the fee provision and offsets prior payments before intimation and refund.

The amendment prescribes that the applicable fee must be computed under the fee provision, and the deductor's payable sum or refund is determined by adjusting fee and other computed amounts against any prior payments or amounts paid as tax, interest or fee; an intimation specifying the net payable or refundable amount must be sent to the deductor and any refund so determined shall be granted.

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