Refund of tds wrongly deducted
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2013
Dear All,
One of my client which is a banking co. had wrongly deducted the TDS of one of its FD A/c holder.Actually the FD was already matured and the Bank also deducted the TDS amount on AY 2011-12.But when the party renewed the same A/c, the Bank again deducted the TDS on AY 2012-13 which was submitted on Challan and the amount went from the Bank's pocket.The amount of TDS wrongly deducted was Rs.1100000.Now, the Bank wants the refund of the same.
I would be very thankful for the answers.
One of my client which is a banking co. had wrongly deducted the TDS of one of its FD A/c holder.Actually the FD was already matured and the Bank also deducted the TDS amount on AY 2011-12.But when the party renewed the same A/c, the Bank again deducted the TDS on AY 2012-13 which was submitted on Challan and the amount went from the Bank's pocket.The amount of TDS wrongly deducted was Rs.1100000.Now, the Bank wants the refund of the same.
I would be very thankful for the answers.
21 July 2013
You can adjust that TDS payment incase you have any other deductees for that much amount and correct the TDS return
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