Refund of excess TDS: procedure for adjustment or AO claim, subject to a two year time bar. Refunds of excess TDS equal the difference between actual payment to the Government and tax deductible at source. Within the same financial year the excess can be adjusted in the next quarter's TDS statement; beyond that year the deductor must apply to the Assessing Officer (TDS) and no refund claim is permitted after two years from the end of the financial year in which tax was deductible. The circular is applicable for claims up to 31 3 2010 due to processing provisions for TDS statements and refunds.
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Refund of excess TDS: procedure for adjustment or AO claim, subject to a two year time bar.
Refunds of excess TDS equal the difference between actual payment to the Government and tax deductible at source. Within the same financial year the excess can be adjusted in the next quarter's TDS statement; beyond that year the deductor must apply to the Assessing Officer (TDS) and no refund claim is permitted after two years from the end of the financial year in which tax was deductible. The circular is applicable for claims up to 31 3 2010 due to processing provisions for TDS statements and refunds.
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