Excess paid in 26qb
This query is : Resolved
Sanjay Rao
(Querist)
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?
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
(Expert)
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
(Querist)
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
(Querist)
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
(Expert)
26 April 2019
No, Excess tds paid you can not get interest for refund,
27 April 2019
Yes, you are eligible for interest.
Inference :- section 244A r.a.w.199.
Inference :- section 244A r.a.w.199.
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Sanjay Rao
(Querist)
27 April 2019
Thanks .. will update the comment once I receive the amount
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