Tds refund
This query is : Resolved
Prakash kumar
(Querist)
06 August 2015
dear sir, if any person file itr can he get tds refund & how this tds refund get credited to account ? is it in cheque ?
06 August 2015
He will get full TDS refund if there is no tax liability and refund are credited in bank account directly.
Prakash kumar
(Querist)
06 August 2015
Thanks sir for your reply , sir in pvt.ltd.co. & firm how can i get tds refund if service tax paid fully .what should i do to get tds refund ?
28 July 2025
Here’s a simple breakdown for your query on TDS refund for Pvt. Ltd. companies and firms:
---
### 1. **Can Pvt. Ltd. & Firms get TDS refund?**
* Yes, if TDS has been deducted from their payments (like payments to vendors, contractors, etc.) and the total TDS deducted is more than their actual tax liability, they can get a refund.
---
### 2. **Steps to get TDS refund:**
* **File Income Tax Return (ITR)**:
The company/firm must file its ITR for the relevant financial year, showing total income, tax paid, and TDS deducted.
* **Claim the TDS credit in ITR**:
TDS deducted will be reflected in Form 26AS and can be claimed as a credit against tax liability.
* **If TDS > tax liability**:
The difference will be processed as a refund by the Income Tax Department.
---
### 3. **Does paying Service Tax affect TDS refund?**
* **Service Tax paid is separate** from Income Tax and TDS.
* Payment of Service Tax does **not affect** TDS refund directly because TDS is related to Income Tax.
* So, even if Service Tax is paid fully, you still need to file Income Tax Return to claim TDS refund.
---
### 4. **Mode of refund:**
* The refund amount is **credited directly to the bank account** mentioned in the ITR.
* No physical cheque is issued unless there’s an issue with electronic transfer.
---
If you want, I can help you prepare the relevant ITR or explain how to verify TDS credit in Form 26AS. Would that be helpful?
---
### 1. **Can Pvt. Ltd. & Firms get TDS refund?**
* Yes, if TDS has been deducted from their payments (like payments to vendors, contractors, etc.) and the total TDS deducted is more than their actual tax liability, they can get a refund.
---
### 2. **Steps to get TDS refund:**
* **File Income Tax Return (ITR)**:
The company/firm must file its ITR for the relevant financial year, showing total income, tax paid, and TDS deducted.
* **Claim the TDS credit in ITR**:
TDS deducted will be reflected in Form 26AS and can be claimed as a credit against tax liability.
* **If TDS > tax liability**:
The difference will be processed as a refund by the Income Tax Department.
---
### 3. **Does paying Service Tax affect TDS refund?**
* **Service Tax paid is separate** from Income Tax and TDS.
* Payment of Service Tax does **not affect** TDS refund directly because TDS is related to Income Tax.
* So, even if Service Tax is paid fully, you still need to file Income Tax Return to claim TDS refund.
---
### 4. **Mode of refund:**
* The refund amount is **credited directly to the bank account** mentioned in the ITR.
* No physical cheque is issued unless there’s an issue with electronic transfer.
---
If you want, I can help you prepare the relevant ITR or explain how to verify TDS credit in Form 26AS. Would that be helpful?
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