04 June 2020
We took loan from a finance company - Capital First Ltd. but after w.e.f 01-10-2018 it switched to form a private bank entity - IDFC First Bank Ltd., We deposited the TDS which was deducted by us on interest on earlier basis as it was formerly a finance company but as soon it moves on to become a bank entity, it is not applicable on bank to deduct TDS on interest. We have filed already all TDS returns, The query here is that if we revise the TDS returns and can we claim for refund of already deposited TDS amount.
CAclubindia
