Tds refund

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Prakash kumar (Querist)
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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 ?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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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

Prakash kumar (Querist)
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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 ?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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28 July 2025 Here’s a simple breakdown for your query on TDS refund for Pvt. Ltd. companies and firms:

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### 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.

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### 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.

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### 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.

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### 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.

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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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