urgent
This query is : Resolved
30 April 2009
hello frnds
i hv a doubt which relates to refund of TDS.
The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???
Awaiting ur reply
Regards
Sangita
i hv a doubt which relates to refund of TDS.
The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???
Awaiting ur reply
Regards
Sangita
30 April 2009
The company cannot claim refund of TDS remitted to government since there is no provision in the income tax act,1961 for such a course of action.
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