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Cash ledger refund

priyanshu shroti (45 Points)

21 February 2025

How to Get Cash ledger refund of TDS practicle experience

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Rama chary Rachakonda (Master in Accounts & high court Advocate) (8626 Points)
Replied 21 February 2025

Obtaining a cash ledger refund of TDS can be a bit challenging, but I'll guide you through the practical experience. Pre-requisites 1. Ensure you have a valid TAN (Tax Deduction and Collection Account Number) and PAN (Permanent Account Number). 2. Verify that the TDS amount is reflected in the Form 26AS (Annual Tax Statement). Steps to Claim Cash Ledger Refund of TDS *Step 1: Log in to TRACES (TDS Reconciliation Analysis and Correction Enabling System)* 1. Visit the TRACES website (https://www.tdscpc.gov.in/). 2. Log in with your TAN, PAN, and password. *Step 2: Check TDS Credit* 1. Navigate to "TDS Credit" and select "View TDS Credit" from the dropdown menu. 2. Verify the TDS credit available. *Step 3: Create a Refund Request* 1. Go to "Refund" and select "Create Refund Request" from the dropdown menu. 2. Fill in the required details, including the refund amount, bank account details, and verification details. *Step 4: Submit the Refund Request* 1. Review and submit the refund request. 2. You will receive an Acknowledgement Number. *Step 5: Track the Refund Status* 1. Log in to TRACES and navigate to "Refund" > "Track Refund Status". 2. Enter the Acknowledgement Number to track the status. *Step 6: Receive the Refund* 1. Once the refund is processed, the amount will be credited to your bank account. 2. Verify the refund amount and ensure it matches the requested amount. Practical Experience Tips 1. *Verify TDS credit*: Ensure the TDS credit is available in your account before creating a refund request. 2. *Use correct bank account details*: Provide accurate bank account details to avoid delays or incorrect refunds. 3. *Track refund status*: Regularly track the refund status to ensure timely receipt of the refund. 4. *Contact TRACES helpdesk*: Reach out to the TRACES helpdesk for assistance with any issues or concerns. By following these steps and tips, you should be able to successfully obtain a cash ledger refund of TDS.

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