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Can anybody help me regarding refund of tds

08 June 2018

One of my relatives received interest of Rs. 2,00,000 on delayed compensation from KSRTC(Karnataka State Road Transportation Corporation) in December 2016 on account of death of her husband in a road accident in the year 2001. KSRTC deducted TDS on the same u/s 194A at the rate of 20%(Without pan) and issued form 16A in March 2017. After knowing this thing she approached the KSRTC forthwith with a valid pan, then they issued revised form 16A on 2nd June, 2018. Now she wants to claim her TDS refund however filing the IT return for AY 2016-17 is not possible now, so how to get refund of that TDS.

Is the refund possible in this case..?

If so, what is the procedure..?

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9 Replies

Vinit Gandhi (35 Points)
Replied 08 June 2018

she can clain that tds in return for ay 18-19

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195982 Points)
Replied 08 June 2018

Whether the TDS deducted gets reflected in her form 26AS for FY 2016-17?

If yes, file condonation request with her Jurisdictional CIT/ITO for delay in filling the ITR, having refund due.

When the request is approved, she can file the ITR for AY 2017-18 online, u/s. 119(2)(b), and claim the refund.

If No, first clarify the TDS deduction year as per form 26AS....

3 Like

vijay g hiremath (Student) (16 Points)
Replied 08 June 2018

Thank you very much sir,

...then no need to approach IT dept for filing belated return for the AY 2016-17 right..?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195982 Points)
Replied 08 June 2018

If it is AY 2016-17, you will have to approach department for getting approval for condonation request u/s. 119(2)(b), for the said AY 2016-17.

In such cases, it is easily approved by JCIT/ITO. After that there is no need to visit ITD, and you can file return online, as usual.

C.M. SARAVANAN (ADVOCATE /TAX CONSULTANT) (53 Points)
Replied 08 June 2018

fist the compensation amount was exempted according income tax section other hand you file condonation delay to via portal after filling return after that the contact CIT for further n refund process

1 Like

vijay g hiremath (Student) (16 Points)
Replied 08 June 2018

TDS deduction year is FY 2015-16 but form 16A was issued on in june 2018. She has not fied any IT returns yet.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195982 Points)
Replied 08 June 2018

What is the AY mentioned in form 16A ..... should be AY2016-17

vijay g hiremath (Student) (16 Points)
Replied 08 June 2018

Originally posted by : Dhirajlal Rambhia
	What is the AY mentioned in form 16A ..... should be AY2016-17

Yes sir, AY 2016-17. I have attached form 16A for your referece.

Attached File : 1684924 20180608152703 img 20180607 214217.jpg downloaded: 197 times

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195982 Points)
Replied 08 June 2018

Though it is AY 2016-17, but verify the same over form 26AS on traces....... through IT efilling or net banking site ........ and file the condonation request for AY 2016-17, with a copy of form 26AS.

Good Luck ......

1 Like