TaxTMI 
TaxTMI 
if tds has been deducted in excess ( under all sections of TDS) can the excess be adjusted against future tds liability and what is the process can the etds return be revised
Adjustment of excess tds deducted
27 May 2009 
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Excess TDS adjustment: intra-quarter surplus can be set off; cross-quarter excess requires filing a revised TDS return.
Adjustment of excess TDS deducted: where excess arises within the same quarter it may be adjusted against that quarter's liability; where it spans different quarters a revised TDS return should be filed to correct the deposited or reported excess. Excess deduction differs from excess deposit: if excess has been deposited and shown, the return must be revised; if returns are not yet submitted, intra-quarter adjustment against the next quarter's liability is commonly used, while carrying forward to the next financial year is doubtful. (AI Summary)
Adjustment of excess TDS deducted: where excess arises within the same quarter it may be adjusted against that quarter's liability; where it spans different quarters a revised TDS return should be filed to correct the deposited or reported excess. Excess deduction differs from excess deposit: if excess has been deposited and shown, the return must be revised; if returns are not yet submitted, intra-quarter adjustment against the next quarter's liability is commonly used, while carrying forward to the next financial year is doubtful. (AI Summary)