06 September 2014
DEAR SIR, I JUST WANT TO KNOW THE PROCEDURE FOR GETTING TDS REFUND. THE CASE IS THAT I PAID TDS AMOUNT WRONGLY FOR INSTANCE TDS AMT WAS RS.20000 BUT MISTAKENLY I PAID RS.200000 (MAKING PAYMENT THROUGH ONLINE FROM NSDL SITE). NOW I WANT TO KNOW HOW TO GET THE ADDITIONAL MONEY BACK IN MY ACCOUNT. AS I CONTACTED MY BANK THEY ARE TELLING THAT MONEY HAS ALREADY DEPOSITED INTO THE INCOME TAX SITE. SO PLEASE LET ME KNOW THE PROCEDURE FOR GETTING BACK THE MONEY.
If there are 3 Companies and director of all 3 companies are same then in such case all 3 companies are related party but my question is that which kind / nature of relation it is? Plz reply at your earliest?
02 August 2025
Regarding your question about **TDS wrongly paid and refund procedure**:
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### How to get a refund of excess TDS paid?
1. **Excess TDS Payment Scenario:** If you have paid excess TDS (e.g., paid Rs. 2,00,000 instead of Rs. 20,000), the excess amount will remain as a credit in your account with the Income Tax Department.
2. **Refund Application through Form 26B:** You need to apply for a refund of the excess TDS amount using **Form 26B**, which is available on the **TRACES portal** (TDS Reconciliation Analysis and Correction Enabling System).
* Log in to TRACES ([https://www.tdscpc.gov.in/app/login.xhtml](https://www.tdscpc.gov.in/app/login.xhtml)) with your credentials. * Navigate to **‘Request for Refund’** and fill Form 26B online. * Submit the form to initiate the refund process.
3. **Supporting Documents:** Generally, the refund process doesn’t require physical documents but keep your payment challan, TDS certificates (Form 16A or 16B), and bank details handy.
4. **Refund Processing Time:** The refund processing time depends on the Income Tax Department’s processing speed, but it typically takes **1 to 3 months** after your application is accepted. You can track the refund status on the TRACES portal.
5. **Verification and Adjustment:**
* The IT department will verify your claim and if everything is in order, they will process the refund. * If the excess TDS is adjusted against any tax dues or demands, the refund amount may be adjusted accordingly.
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