Tds
This query is : Resolved
31 July 2013
The 26AS of an assessee for FY 2012 - 2013 (in month of July 2012) is reflecting TDS deduction u/s 195 by the Commissioner of Income Tax, CPC Bangalore. The status of this entry in 26AS is "P" i.e. Pending and there have been no updation in this TDS entry till date. The assessee has received IT Refund during the year, however Interest on IT Refund is not subject to deduction of TDS. There is a lot of confusion regarding this TDS entry.
Kindly advice regarding the nature of such TDS deduction and what needs to be done from assessee's end. Also what to be done to this TDS entry while filing of IT Return.
Thanks & Regards
Yash Goyal
Kindly advice regarding the nature of such TDS deduction and what needs to be done from assessee's end. Also what to be done to this TDS entry while filing of IT Return.
Thanks & Regards
Yash Goyal
31 July 2013
as the payment is made to non-resident, interest on tds refund is taxable hence tds is deductible.
take credit of tds while filling return.
take credit of tds while filling return.
31 July 2013
But sir the assessee is not a non-resident. it is a resident partnership firm
05 August 2013
The assesse is a resident partnership firm. Also the IT dept has deducted tds again on refund of fy 12-13 received a week back. Kindly advise what can be done now as the assessee is not a non - resident.
06 August 2013
Make an appeal against the order
Message likes :
1 times
06 August 2013
Ok sir. Thank you.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- FEMA regulation Act. for inward remitance
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
CAclubindia
