Tax Deduction at source

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Anuj Tiwari (Querist)

17 July 2008 Can refund of TDS be claimed? The excess amount has arisen because the assessee didnt have the minimum no. of PANs for e- filing , which was compulsory. The company deducted TDS on all payments made in the nature of contract, whether TDS is attracted or not. Now the excess payment is to be claimed as refund. And the TDS deducted will be paid to the respective deductees, who dont attract TDS. What should be done for the paymentas made through challans?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

17 July 2008 If the payment attracted tds, then it can be claimed by the person on whose behalf tds was paid can claim only through filing re

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)

18 July 2008 The Deductor has nothing to do with the claim of refund. The deductor has to file its TDS return properly. It is the deductee who have to claim refund of excess tax deducted by the deductor. Deductee can claim the refund by filling its return of income in time.

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)

18 July 2008 One more thing deductor cannot refund the excess tds deducted.

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