Adjustment of excess TDS deposited

[ASHISH DESAI]

While making E-Payment, Excess TDS u/s 194I paid in Feb.'09 due to technical error. My query is - can I adjust this excess amount of Rs.15 lacs against TDS payments U/s 194C or J in the next month? - Can I claim refund of the balance amount if remain unadjusted, while filing Quarterly TDS return?

[Guest]

Dear Harsha Joshi, You can make this information in the TDS return and claim the refund amount but it is very much comprehensive procedure. please write me in full detail on my email id [email protected].

AI Summary

Excess TDS Payment Under Section 194I: Adjustment Possible Against 194C/194J Payments, Refunds Require Complex Procedure. A user inquired about adjusting an excess TDS payment of Rs. 15 lakhs made under Section 194I due to a technical error. They asked if this excess could be adjusted against TDS payments under Sections 194C or 194J in the following month and whether a refund could be claimed for any unadjusted amount when filing the quarterly TDS return. The response suggested that the excess amount could be claimed in the TDS return, but noted that the procedure is complex, offering further assistance via email.