Refund of TDS
This query is : Resolved
30 April 2009
hello frnds
i hv a doubt which relates to refund of TDS.
The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???
i hv a doubt which relates to refund of TDS.
The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???
18 May 2009
REFUND CAN BE CLAIMED BY MANAGING DIRECTOR ONLY
ALSO NOTE THAT TDS ON COMMISSION PAYABLE TO MANAGING DIRECTOR IS DUE ONLY ON PAYMENT BASIS NOT ON BOOK PROVISIONS, PROVISION FOR COMMISSION TO MANAGING DIRECTOR CAN BE MADE WITH OUT TDS, TDS IS DEDUCTABLE AT THE TIME OF RELEASING THE COMMISSIN
ALSO NOTE THAT TDS ON COMMISSION PAYABLE TO MANAGING DIRECTOR IS DUE ONLY ON PAYMENT BASIS NOT ON BOOK PROVISIONS, PROVISION FOR COMMISSION TO MANAGING DIRECTOR CAN BE MADE WITH OUT TDS, TDS IS DEDUCTABLE AT THE TIME OF RELEASING THE COMMISSIN
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- UDIN ISSUE
- CHECK RELATED
- Tax rate change regarding
- GST Intimation due to Government took possession of Business Premises under PPE Act
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
