Reg: tds deducted for wrong deductee

This query is : Resolved

Deeptha Srinivasa Ragavan (Querist)
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21 March 2018 Our firm earns commission income for facilitating travel insurance from an insurance Company. The insurance company has deduted TDS but they did not paid TDS or paid TDS in the name of some other person. The process for rectifying the same will take almost 15-20 days. The retuen has to be filed within 31-03-2018. KIndly let me know what can be done.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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21 March 2018 There are two options:

1) To file your return without mentioning the Tax credit and then file a revised return after the rectification has been made.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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21 March 2018 2) to file the return after taking the tax credit by mentioning the details in your return. The Department will ask for details during assessment of your return within which you need to get the error rectified from the deductor

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