Tds
This query is : Resolved
06 August 2011
DEAR SIR,
IF TDS PAYMENTS PAID EXTRA THAN ORIGINAL AMOUNT WHETHER COMPANY OR INDIVIDUAL CAN WE CLAIM BACK THAT AMOUNT.
IF TDS PAYMENTS PAID EXTRA THAN ORIGINAL AMOUNT WHETHER COMPANY OR INDIVIDUAL CAN WE CLAIM BACK THAT AMOUNT.
06 August 2011
YES YOU CAN CLAIM REFUND OF EXCESS PAID TDS, BUT PROCEDURE FOR GETTING REFUND IS VERY TOUGH
06 August 2011
If you have paid extra amount as TDS then the best way is to give the TDS certificate of that extra Amount to the deductee, he will get the credit of the same by the INCOME TAX deptt. and you can deduct the amount so paid by you from his account.
06 August 2011
File an application with the jurisdictional TDS officer for refund of excess TDS so deposited. You shall get the refund after rigourus follow up. Though this is agreed that the process is cumbersome, however we have taken a refund of huge amount by this process. If the amount of refund is small, follow the suggestion made by ashiwini.
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