Tds refund
This query is : Open
Amit Chakraborty
(Querist)
15 December 2020
My company received an advance for some work. The payment was made to me after TDS deduction. TDS return has also been filed by the paying company. Now I am returning the money as I could not complete the job. The paying company is asking for full refund also the money which they have deducted as TDS. I am asking them to revise their return and utilize the same with their future transactions with some other payments. They are denying.
Please advice can tds return can be revised ?
Please advice can tds return can be revised ?
CA Ankith Jain
(Expert)
17 December 2020
You need not pay the full amount. The company has to revise their TDS return.
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