E-tds correction
This query is : Open
02 January 2016
Dear Friends / Experts,
Company has paid Advance for ‘Consultancy Service’ to it’s Associate Company and accordingly, deducted TDS and filed Form 26Q for Q1 - FY 2015-16. Thus, Company has issued Form 16A also to it’s Associate Company.
Due to various reasons, the proposed Service was never initiated and later, it was dropped.
Query
Can someone please advise whether the Deductor may ‘nullify the Deductee Record’ and claim FULL TDS Refund? IF so, how is it possible.
Your reply, please..............
Thanks in advance for possible replies from all concerned.
Company has paid Advance for ‘Consultancy Service’ to it’s Associate Company and accordingly, deducted TDS and filed Form 26Q for Q1 - FY 2015-16. Thus, Company has issued Form 16A also to it’s Associate Company.
Due to various reasons, the proposed Service was never initiated and later, it was dropped.
Query
Can someone please advise whether the Deductor may ‘nullify the Deductee Record’ and claim FULL TDS Refund? IF so, how is it possible.
Your reply, please..............
Thanks in advance for possible replies from all concerned.
CA. Divyansh Agarwal
(Expert)
04 January 2016
first you have to revise the tds statement by deleting the entry and entry will be modified as Zero, after when return is processed then online application shall be file through traces using refund issue request portal.where u need Undertaking duly verified by AO that there is no outstanding liability against the pan.
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