TDS refund


07 May 2009 Ours is a partnership firm. We have taken Loan from financeal Co. for Commercial Vehicle. We have already paid all instalment in time. As per our Chartered Accountant's Consent We have also paid TDS on interest. Now i know that TDS shound not paid on Financal Charges it is covered u/s 197.

So my question is that in the financeal year 2007-08 we have paid TDS which i want to take refund. What is procedure for this?

07 May 2009 For that you need to file the returns. If you have did the same, then in your return you must have shown the excess amount of TDS. Now Check the status of your TDS return on NSDL site under quarterly statement status, check whether you challans are booked.
After that take the prinout of that, send the letter to your concern TDS officer for refund. Get the assessment done & take the refund.

Its actually time consuming process.


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