Tds in aop

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Pavel (Querist)
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26 July 2014 dear experts, I am facing a grave problem. My client's profit and loss a/c is having a loss. As a result I am not being able to figure out whther refund of tds will be considered since my client has a high tds amount.. i need ur help as early as possible for the queation that wheyher to claim refund , showing profit is necessary??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 July 2014 you should report the actual position, be it loss or profit. the refund will be given.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 July 2014 There is no such requirement to show profit for claiming TDS. You can declare loss and claim TDS as per actual. If the return furnished by you is correct then you will get refund.

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