TDS ADJUSTMENT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2010 TDS has been deducted by oversight from the amount paid to a PSU u/s 194A. Actually the paid amount is not liabile for TDS. the Deductor requested the deductee to adjust the deducted TDS from their regular remittance of TDS under the branch of Section 194A or any other section since, the deductor is issued the form_16A.

can the deductee adjust TDS from their regular remittance under any section?

Kindly advise in this regard and send the case law if any existing for the similar case.

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2010 If the deductor has to claim the refund, kindly advise the procedure for claiming the refund in consideration with the following:-

"the qtrly. return in form_26 for APRIL-JUNE 2010 has been filed. the incident occurred in the month of June 2010"

regards,

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 August 2010 Deductor can not claim refund you can adjust the paid amount within same section. Otherwise give deductee the TDS certificate he will get credit of the TDS.

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