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 :
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06 August 2013
Ok sir. Thank you.
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