Tds deducted after filling 15g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2013 Ours is a Pvt Ltd Company. We have a NRI Deposit. We filled 15G for the Financial year 2011-12 for interest allowed. But by mistake TDS on interest deducted @ 10% and paid.

As the income is below Rs.180000/- & NRI, we did not file his personal return.

Now, as the last date of filling I Tax return is 31.03.2013. And today is 01.04.2013, how can the TDS refund can be achieved in this case ?

Please reply

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2013 NO BODY TO REPLY

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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27 July 2025 Here’s what you can do when TDS is deducted despite submitting Form 15G and the return filing date is already over:

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### Situation:

* NRI deposit interest — Form 15G submitted (actually, NRIs file Form 15H, but assuming form submitted)
* TDS deducted @ 10% mistakenly even though income below exemption limit
* Last date for filing Income Tax Return (ITR) for that year (31.03.2013) is passed
* You want to claim refund of TDS deducted wrongly

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### How to claim refund of TDS deducted after 15G?

1. **File Income Tax Return (ITR) anyway**
Even if income is below taxable limit, you *should file ITR* to claim TDS refund. Filing return is the **only legal way** to get TDS refund from IT Dept.

2. **ITR to file:**
For NRI individual with income from interest, use **ITR-2**.

3. **When to file:**
Since last date is passed, you can file a **belated return** under Section 139(4) within one year from the end of the relevant assessment year.

* For FY 2011-12, assessment year is 2012-13, so you can file by 31 March 2014.

4. **Claim TDS refund in the return**
Fill the details of income, TDS deducted (as per Form 26AS), and claim refund of excess TDS.

5. **Alternative:**
If company deducted TDS wrongly, ask them to file **TDS correction statement** and issue revised TDS certificate, but this may take time and is not guaranteed.

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### Summary

| Action | Description |
| -------------------------- | -------------------------------------------- |
| File belated ITR | File ITR-2 for AY 2012-13 to claim refund |
| Submit TDS details in ITR | Match TDS deducted as per Form 26AS |
| Claim refund of excess TDS | Refund processed after return is processed |
| Follow-up with company | Request correction in TDS return if possible |

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If you want, I can guide you through filing the belated return step-by-step. Would that help?

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