Deduction of tax at source--Payment in excess of the amount actually deducted or deductible from salaries and other types of payments under section 192 to 194D of the Income-tax Act--Refund/adjustment of

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....laries and other types of payments under section 192 to 194D of the Income-tax Act--Refund/adjustment of Circular No. 285 Dated 21/10/1980 From             S.R. Wadhwa,             Director. To             All Comm....

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....3. The excess payment would be the difference between the actual payment made by the deductor and the tax deducted at source or that deductible, whichever is more. This amount should be adjusted against the existing tax liability under any of the Direct Tax Acts. After meeting such liability, the balance amount, if any, should be refunded to the assessee. 4. Where the tax is deducted at source ....

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....esent procedure on the subject. A separate refund voucher to the extent of such liability under each of the direct taxes should be prepared by the Income-tax Officer in favour of the "income-tax department" and sent to the bank along with the chalan of the appropriate type. The amount adjusted and the balance, if any, refunded would be debitable under the sub-head "Other refunds" below the minor h....