https://www.taxtmi.com/circulars?id=4688 Excess payment from TDS is the difference between the actual payment by the deductor and the tax deducted or that deductible, whichever is more. That excess must be adjusted against existing liabilities under the Direct Tax Acts and, after meeting such liabilities, the balance refunded. Branch offices filing TDS returns are separate units; the ITO who receives the branch's statement is responsible for refund. Refund vouchers must be prepared debiting the appropriate major/minor heads, and particulars of adjustment/refund recorded in the quarterly TDS statement or annual return under the ITO's endorsement. en-us Tue, 21 Oct 1980 00:00:00 +0530 Sat, 02 Aug 2008 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4688 Excess payment from TDS is the difference between the actual payment by the deductor and the tax deducted or that deductible, whichever is more. That excess must be adjusted against existing liabilities under the Direct Tax Acts and, after meeting such liabilities, the balance refunded. Branch offices filing TDS returns are separate units; the ITO who receives the branch's statement is responsible for refund. Refund vouchers must be prepared debiting the appropriate major/minor heads, and particulars of adjustment/refund recorded in the quarterly TDS statement or annual return under the ITO's endorsement. Circulars Income Tax Tue, 21 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4688