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)
Follow

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:

---

### 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

---

### 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.

---

### 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 |

---

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now