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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....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 Commissioners of Income-tax. Subject: 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. Sir, The Bo....

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.... After meeting such liability, the balance amount, if any, should be refunded to the assessee. 4. Where the tax is deducted at source and paid by the branch office of the assessee and the quarterly statement/annual return (in case of salaries) of tax deduction at source is filed by the branch, such branch office would be treated as a separate unit independent of the head office. After meeting any....

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....e type. The amount adjusted and the balance, if any, refunded would be debitable under the sub-head "Other refunds" below the minor head "Income-tax on companies"-major head" "020-Corporation tax" OR below the minor head "Income-tax other than union emoluments"-major head: "021-Taxes on Incomes other than Corporation Tax" according as the payment has originally credited to the major head "020-Corp....