Excess paid in 26qb

This query is : Resolved

Sanjay Rao (Querist)
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26 April 2019 Hi,

I had paid 6Lakhs instead of 60000 while paying 1% TDS . I have rectified it in TDS and have raised the refund request. It has taken 2.5 years to get this done as was not knowing the correct process and there were issues in correction.

Will I get interest on this amount?

Rupesh Jain

Rupesh Jain (Expert)
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26 April 2019 you have to apply of tds refund under tdscpc.gov.in site.( this is traces site. with full detail of your tds challan. then you get the refund.

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Sanjay Rao

Sanjay Rao (Querist)
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26 April 2019 Thanks Rupesh, I have done that already. My question was if I am eligible for interest on the additional amount

Sanjay Rao

Sanjay Rao (Querist)
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26 April 2019 Thanks Rupesh, I have done that already. My question was if I am eligible for interest on the additional amount

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 April 2019 No, Excess tds paid you can not get interest for refund,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 April 2019 Yes, you are eligible for interest.
Inference :- section 244A r.a.w.199.

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Sanjay Rao

Sanjay Rao (Querist)
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27 April 2019 Thanks .. will update the comment once I receive the amount

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